Making Financial Headlines · Page 10
Family Farm Handoff Comes With a Very Large Receipt
· New York time
Many U.S. farmers are approaching retirement, but high prices and increasing agricultural volatility are making it harder for the next generation to take over. Succession is therefore a business challenge as well as a family milestone. Passing along experience does not automatically make the economics manageable. A willing successor still needs a workable operation. The traditional phrase handing over the keys leaves out the part where the keys arrive attached to a substantial cost structure. Farming needs new operators, not merely a touching photograph at the gate.
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