Succession planning and exit strategies : article
COLUMBIA, Mo. – Who will run the farm?It’s the elephant in the room that no one wants to talk about until the owner dies or can no longer run the farm, says Wesley Tucker.
COLUMBIA, Mo. – Farm succession planning should not begin when the head of the family dies, says Wesley Tucker, University of Missouri Extension agricultural economist and succession planning coordinator.
COLUMBIA, Mo. – Free farm succession planning workshops from University of Missouri Extension can help Missourians guide their family farming businesses to the next generation.
Many small rural towns in Missouri have a large population of aging baby boomers. They are retiring at the rate of 10,000 per day or over 4 million annually, according to the Washington Post. But what are they doing with their business assets when they retire?