Farm Transition . . . . A Three Legged Stool

University of Nebraska-Lincoln - David J. Goeller

Type: PDF
Knowledge level: Introductory

Farm Table says:

Short article, but a good reminder to understand the transition process not just about the succession plan, but as an estate plan and retirement plan as well.

When the title of the paper refers to Farm Transition as a three-legged stool, it is
refers to the three equally indispensable parts of the process:

  1. Estate planning – transition of the business assets
  2. Retirement planning – transition of labour and management
  3. Business transition/succession planning – long-term business plan and associated timing.
2013 - United States - University of Nebraska-Lincoln - David J. Goeller
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