Farm Succession Planning 101

Kendall and Rebecca discuss succession planning in agriculture with Seth Wilner, an Extension specialist with 26 years of experience. Seth defines succession planning as the strategic transfer of farm management and ownership to the next generation, emphasizing its importance in minimizing taxes, reducing family conflict, and ensuring business sustainability. He highlights the need for farmers to start planning early, maintain basic records, and assemble a trusted team of advisors. Seth also stresses the emotional and logistical challenges, particularly when dealing with family dynamics and remote stakeholders. He advocates for patience, grace, and the support of experienced mentors to navigate this complex process.Show notes:  Seth Wilner – [email protected] Credit East – www.farmcrediteast.comEnvironmental Mediation Center – www.emcenter.org/nhamp/Natural Resources Conservation Service (NRCS) - https://www.nrcs.usda.gov/UNH Cooperative Extension: www.extension.unh.eduWomen in Ag Newsletter signup - https://unhoutreach.tfaforms.net/217751?CID=701G0000001AiKCIA0  Kendall Kunelius – [email protected]  Rebecca Dube – [email protected]