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Rise in succession planning mirrors generational concerns

NOTHING lasts forever and although generational change might sometimes seem to be almost an illusion because it arrives so slow, the stark reality is farms and the families that run them and pass them on to their children must one day make the decision to begin and go through that transition.

Succession planning has advanced considerably in the past decades as part of cultural shifts including social expectations such as inheritance rights, but also changes in agricultural laws, education, technology and taxation.

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