The importance of legacy planning for farmers

The importance of legacy planning for farmers

It’s estimated that 70 percent of U.S. farmland will likely change hands over the next two decades.

It’s also estimated that nearly 50 percent of farmers are
operating without an estate plan.

“Their farm is way too important to leave it to chance,” says Joe Buhrmann, a financial planner with Illinois-based Country Financial. “You can either craft a plan by design, or by default.”

Buhrmann says they are seeing more interest in legacy
planning from farmers.