There are many decisions that will influence the outcome of a farm transfer. For both the exiting farmer and any prospective successor to achieve their goals, important questions must be answered. Even farmers who are actively involved in planning for their farm business often fail to plan for the future of the farm after they depart, or they wait until an acute crisis forces them to do so. By providing Farm Transfer Planning assistance, the Vermont Farm & Forest Viability Program (VFFVP) helps farmers actively prepare for the inevitable transfer of their farm in a way that helps them achieve their goals, and increases the likelihood that the farm business will continue, and the farmland will stay in production.
Guidelines for Transfer and Succesion Plans
Mark Cannella, Mike Ghia
Montpelier, VT: Vermont Housing and Conservation Board
June 01, 2014