Deciding the future of a family farm or ranch operation is increasingly important as the “owner” generation continues to age. Operations who have brought children or grandchildren on to run the business need to start having productive discussions about finances, according to Jessica Groskopf, Extension agent with the University of Nebraska-Lincoln (UNL).
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Financial conversations key when it comes to farm transitions
Having financial conversations on a multi-generational farm can be challenging, but are essential for the future of the business, according to experts.
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