Good financial and estate planning is important for everyone, but especially for farmers who want to keep their land and business in the family.
“Farm succession planning gives current owners and operators of farms and ranches the opportunity to really spell out their intentions and wishes and let their family understand that during their life,” said Taylor Spangler with the University of Florida, who gave some good advice during the afternoon session at the 2015 SPGC.
Taylor says it’s better for the whole family to take part in the planning during a non-stressful time and also to get the advice of experts in the field. She pointed to resources such as county extension offices and Annie’s Project, an educational program dedicated to strengthening women’s roles in the modern farm enterprise.
Learn more in this interview: Interview with Taylor Spangler, University of Florida (MP3)