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Tuesday, February 16, 2016

Succession, and the dilemma of transferring farmland

Succession, and the dilemma of transferring farmland: There’s a perfectly good reason why so many farmers are reluctant to hand the reins to the younger generation.

“With land, you need it for the farm and you need it to run the business, but it’s also your largest contributor to the family wealth,” said Greg Gartner, a partner at Moodys Gartner Tax Law LLP.