Succession / Transition
Farm Vitality Grant Program–PA Department of Agriculture
The Farm Vitality Planning Grant Program will help fund professional services for those planning for the future of a farm. The program will enhance the long-term vitality of Pennsylvania's farms through sound business planning, efficient transitions of farm ownership, strategic farm expansion, diversification of agricultural production, and building a team of financial and technical expertise as a resource for Pennsylvania's farmers.
Planning is essential to any business, no matter how large or small the inventory, payroll, and bank account. To be successful, farm operators must know their current position and future plans. Thinking about your plans is not enough! Taking time to formulate ideas, evaluate your business, devise a strategy, and anticipate possible problems will help your business be successful.
This workbook was designed so that the thoughts and objectives for your business can be organized and thoroughly documented. In the long run, your business plan will serve many purposes, such as: defining a new business; setting goals and planning steps to achieve them; evaluating the effectiveness of business and marketing strategies; setting a direction for the business for the next five years; planning, growth and development for established businesses; and supporting a loan application.https://extension.umd.edu/sites/extension.umd.edu/files/_docs/programs/mredc/FarmBusinessPlanning-WEB.pdf
Helping farmers and landowners affordably access, transfer, and conserve farmland.
Let's work together to get more farmers on more land in New England and beyond. Entire communities will benefit from increased farming opportunity, healthy lands and a more secure food supply. We hope our work inspires you.
Oklahoma State University Farm Transition Resources
Oklahoma State University Farm Transition Resources
University of Maryland Farm Transition Resources
Providing agricultural producers with information on the farm transition and estate planning process.
Farm Journal Succession Articles
A collection of articles and resources regarding succession/transition planning from Farm Journal.
It’s not enough to preserve Pennsylvania farmland – we need to ensure that future generations are ready and able to continue working our land. That is the mission of the new Preserved Farms Resource Center.
The center facilitates business succession and planning for Pennsylvania’s growing number of preserved farms, currently numbering over 5,000. The center focuses on providing support following the act of preservation.
The center is focused on planning for estates, transition and succession, and farm viability and businesses by building teams of discussion facilitators, accountants, financial planners, lenders, conservation and nutrient management planners, and veterinarians who can provide expertise in the process.
As farm operators age, the question of farm transfer surfaces. Farm operators know they need to discuss the transfer with family members, but some families find it difficult to communicate because there are several issues that must be considered.
This program presents multiple scenarios to help you through the process.
To achieve a successful farm succession, all parties MUST actively communicate with one another. Conversations should take place between spouses, farming partners, the next generation, and relevant business planning professionals. This document is a list of questions to consider when engaging in the farm succession process.
The "Farm Succession Checklist" was developed by PA Farm Link and the Penn State Center for Agriculture and Shale Law.
An honest evaluation of the possibility of partnering with parents.
Questionnaire to evaluate areas which may need work.
Developing Your Agreement
Items to include in your business agreement
Business Transition Plan–Goals and Objectives of a Farm Business Transition Plan
Checklist of potential objectives and goals for both generations to incorporate into the business transition plan.
Before You Transfer
Answer these questions honestly before you start the transition process.
International Farm Transition Network (IFTN)
The goal of the network is to support programs that foster the next generation of farmers and ranchers.
Ag Transitions (University of Minnesota)
AgTransitions helps farmers & ranchers develop a plan to transition their business to the next generation.
Planning the Future of Your Farm
A Workbook Supporting Farm Transfer Decisions Planning the Future of Your Farm is a workbook for those families who want to keep their farmland in production and/or “in the family” as it passes to the next generation. The workbook is for those willing to commit the effort required to manage such a ongoing project. It has been updated and adapted for Pennsylvania from previous editions published from Georgia to Virginia. Feedback from families using earlier versions has been incorporated into this edition.
Iowa State University Extension Beginning Farmer Center
The Beginning Farmer Center provides information, education and consultation services to beginning and exiting farmers.
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