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Family farms require a succession plan

Family farms require a succession plan By planning early for succession, farm owners have the chance to minimize debt, put plans in place in case of an unexpected death or accident, and pass on the knowledge necessary so the next generation can successfully run the business. To begin the succession process, farm owners need to review depreciation schedules, go over life insurance policies, and check what social security benefits are available. People involved in succession planning also need to...
Tracy Garofalo Gary Heim Evans Woodside Member Service Corporation Service Corporation Penn State
Source: hoards.com

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