When operating a farm with your spouse, as unfortunate as it is, there will be a day when one of you is left to operate the farm on your own. For farm widows, this can become an overwhelming task. That is why it is especially important to have a plan for passing your farm from one generation to the next if it is important to you that the farm stays in the family. At ArgiLegacy, our goal is to help equip farmers and others in the agriculture industry to pass their farm on from one generation to the next. We want to help you leave a legacy in your family. So with that in mind, here are 2 tips we have for farm widows.
- Prepare for the Future: It is never too early to start considering the transition of your farm from your hands to the next. But certainly if you are a farm widow it is important to start preparing for the future if you haven’t already. Our work with other farmers and people in the agriculture business has shown us that more planning and preparation of the estate ahead of time allow for a seamless transition.
- Educate Yourself: AgriLegacy wants to prepare you to transition your farm or ranch, when the time comes, to the next generation so you can leave the legacy of your family business. Education comes from many sources. Here at AgriLegacy, we offer content on our website, live webinars, as well as in-person conferences if you want more information.
Passing your farm or ranch onto the next generation is something that can impact your family positively for generations to come. But it probably won’t happen without some intentionality. For more information about creating your AgriLegacy, contact us today.