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Developing The Future Farmer: Considering The Farms Accumulated Wealth, History And Succession

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  • Lemoine, Josée

Abstract

Considering the accumulated wealth of farm business owners, what are the conversations that families should be having about the legacy business. What approach should the current generation take to inform the incoming generation and develop the future farmer. With the increase in land values and increasing input costs, the complexities of the incoming generation to “buy the farm “are numerous. Exposing and involving the future farmer in long-term planning should benefit the incoming generation in better decision-making impact does this have on the farm family, both those who are actively and passively involved in the business.

Suggested Citation

  • Lemoine, Josée, 2024. "Developing The Future Farmer: Considering The Farms Accumulated Wealth, History And Succession," 24th Congress, Saskatoon, Canada, 2024 400155, International Farm Management Association.
    • Handle: RePEc:ags:ifma24:400155
    DOI: 10.22004/ag.econ.400155
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