Succession / Transition
Farm Business Planning, University of Maryland
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 applicationhttps://extension.umd.edu/sites/extension.umd.edu/files/_docs/programs/mredc/FarmBusinessPlanning-WEB.pdf
Helping farmers and landowners affordably access, transfer, and conserve farmland.
Our Partners This project is funded by the National Agricultural Library, Agricultural Research Service, U.S. Department of Agriculture, and is a collaboration among the Center for Agriculture and Food Systems at Vermont Law School, BCM Environmental & Land Law, PLLC, and Heyman Legal.
Land for Good
Welcome to Land For Good. 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. Get in touch!www.landforgood.org
Oklahoma State University Farm Transition Resources
http://agecon.okstate.edu/farmtransitions/ Oklahoma State University Farm Transition Resources
University of Maryland Farm Transition Resources
Farmland Access-Financial Decision-Making Tool-Assessing Risk, Affordability, Readiness & Land Access Options
Vermont Farm & Forest Viability Program
Farm Journal Legacy Project
Preserved Farms Resource CenterIt’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.
Who Will Get Grandpa's Farm?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 three strategies for having a discussion about farm transfer.
Farm Succession Checklist
To achieve a successful farm succession, interested parties should actively communicate with one another. Conversations should necessarily take place between spouses, farming partners, the next generation, and relevant business planning professionals. This document is a list of questions that should be considered 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.
Parents as Partners
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
Checklist of potential objectives to incorporate into the business transition plan.
Before You Transfer
Answer these questions honestly before you start the transfer 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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