Succession Planning Info

[Beginning Farmers]

Hey all,

Attached is a .zip file with a number of papers that may be valuable in considering how we handle the issue of farm succession.

The following resources also have a lot of good information on this topic:

Planning Resource Library: http://www.ncftn.org/planning/planning-resource-library
Transfer, Succession and Retirement: http://www.nj.gov/agriculture/sadc/farmlink/resources/farmtransition.html
Farm Estate Planning Resources: http://www.google.com/url?sa=t&source=web&ct=res&cd=7&ved=0CDUQFjAG&url=http%3A%2F%2Flaw.psu.edu%2F_file%2Faglaw%2FEstate_Tax_Planning_Family_Farm.pdf&ei=Fz4GTIo-kfw18qW1vQk&usg=AFQjCNFYc-EYRlz6xTaKtek2Yirxyrwj3g&sig2=FiV78VWWj82fkBtxIx30sQ

Taylor Reid

On Wed, Jun 2, 2010 at 6:29 AM, BeginningFarmers <beginnin...@gmail.com> wrote:

Hi all,

Here's a little info. on the TIP:

"Young farmers typically spend a lot of time trying to find land to
rent or buy. Thursday the USDA rolled out a new program authorized by
the 2008 Farm Bill that may open a few fields of opportunity.

Starting Monday, farmers who have land coming out of CRP and plan to
retire in five years can apply to get two extra years of their CRP
payments if they sell or lease their land to a startup producer."

- From Agriculture Online article (http://www.agriculture.com/ag/
story.jhtml?storyid=/templatedata/ag/story/data/1273876859001.xml)

FSA News Release:
http://www.fsa.usda.gov/FSA/newsReleases?area=newsroom&subject=landing&topic=ner&newstype=newsrel&type=detail&item=nr_20100514_rel_0265.html

Taylor

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