By Deann Gayman
The University of Nebraska–Lincoln’s Center for Agricultural Profitability has launched new resources to help farmers and ranchers without a family heir plan for their operation’s future.
A series of informational articles written by Jessica Groskopf, an agricultural economist with Nebraska Extension, puts together a roadmap to help agricultural producers tackle the sometimes-difficult questions and processes of setting up a succession plan without a family heir.
“While the absence (of a family member) can simplify parts of estate planning, it often creates deeper, more emotional challenges — especially when legacy and identity are tied to the land,” Groskopf wrote in an article.