Extension program teaches farm succession planning

Meyer urges farm families ‘Have the hard business conversations now’

Regional Extension Economist Anastasia Meyer tells an audience in Aurora last week that planning for passing along a farm to the next generation should include discussions about business, estate planning and the farm owner’s sunset years.
Regional Extension Economist Anastasia Meyer tells an audience in Aurora last week that planning for passing along a farm to the next generation should include discussions about business, estate planning and the farm owner’s sunset years.

With the average age of Nebraska’s farmers currently at 56.9 years and nearly a quarter of the state’s farmers being in the 65-74 age range, the topic of farm succession is becoming more urgent with each passing year. Additionally, the average age of a Nebraska landowner is even higher, at approximately 67-years-old, and with agland being one of the most important assets a farmer has, that st…