Your Farm's Future is in good hands

Without a plan in place, the state you live in will decide how your farm will be distributed.

Nationwide's Land as your legacy® team partners with your team of financial, legal, and tax professionals to help plan a promising future for your family farm or ranch. At no cost to you, we will develop a transition plan focused on five key areas to help protect the future for your business and your family.

The 5 key elements of a carefully designed transition plan

Succession Planning

Creating the plan to successfully pass the business to the next generation

Business Planning

Reviewing the business structure to best protect the financial health of the operation

Risk Management

Identifying and preparing for risks to the farm operation

Financial Independence

Creating financial independence from the farm so that the next generation can start receiving income from the operation while the senior operator keeps serving as a mentor

Estate Planning

Getting the documents in place to create an orderly distribution of assets upon death and to settle any liabilities due at that time in a manner consistent with the wishes of the deceased.

1. "2017 Census of Agriculture" USDA (April 2019)
2. "U.S. Farms Succession Plans and the Process of Transferring Land Ownership," J. Michael Harris and Ashok K. Mishra, Agricultural & Applied Economics Association Annual Meeting (2016)