Your farm represents more than just a business enterprise. It's a family-concern that for a majority of farmers has been handed down for multiple generations. When asked, most multi generational farmers have said that their farm is not only a business, it is their heritage—and many want it to be their legacy. The big question facing many of today's farmers is how to begin the process to effectively pass the farm to the next generation without paying onerous estate/ inheritance taxes. A volatile economy, heirs with varied interests and qualifications and the difficulty in broaching the topic of the farm's future are just a few of the issues facing farm families in transition.
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