Farm Succession Planning: Agricultural Estates Navigate Fair and EqualVideo: Farm Succession Planning: Agricultural Estates Navigate Fair and Equal
Succession and estate planning may sound similar—but they’re not the same. And here’s the kicker: only 20–30% of farms actually have a succession plan in place. Why? Because talking about death, taxes, and who gets what isn’t exactly dinner-table conversation. Mike Downey, Succession Planning Manager at Uncommon Farms, returns to break down the realities of passing the farm to the next generation whether the heirs are on or off-farm. We start the conversation so you can avoid common pitfalls, navigate sensitive family dynamics, and take the first steps toward a smoother transition for your operation.