Farm Legacy needs to be planned
Farmers look at all sorts of statistics when they make their plans for the next growing season.
“But statistically speaking,” said Myron Friesen, a representative of Farm Financial Services Inc., “death is a 100 percent chance.”
Friesen said keeping a farm legacy in place following the owners’ deaths, needs to be planned and looked over closely to assure a smooth continuation of the farm to the next generation.
Friesen, who farms in Osage, provided a several scenarios of how farms can passed along to descendants, without creating a financial nightmare for those who receive the land and operation.
Friesen was the seventh of eight speakers to present programs at the 2012 Farm News Ag Show.
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