@article{Klair:345723,
      recid = {345723},
      author = {Klair, Kevin},
      title = {NPR - Agtransitions: Developing A Farm Business Transition  Plan},
      address = {2013},
      series = {IFMA19},
      pages = {5},
      year = {2013},
      note = {Nineteenth International Farm Management Congress, Warsaw,  Poland, 2013},
      abstract = {The average age of U.S. farmers and ranchers is over 57  years old. Nearly 30 percent of U.S. producers are over 65  years old. This means that more than 650,000 U.S. producers  need to make decisions about the future of their farm  business in the next few years. This paper discusses on  online tool, AgTranstions, designed to help producers  develop a plan to transition their business to the next  generation. The demand for transition planning has been  increasing rapidly. Many educators state it is the topic  most frequently requested in surveys about training needs.  AgTransitions does not replace the need for transition  planning workshops or advisors, rather it provides a tool  to help agricultural professionals work more effectively  with producers who want to develop a farm transition plan.  Agricultural producers who know they should develop a  transition plan often do not know where to start.  AgTransitions provides a detailed outline that helps  producers improve communication and work through all of the  aspects of developing a thorough plan. Sections include  gathering all of the pertinent information, sharing the  vision and goals of both generations, determining how and  when to transfer management, ownership, income, and labor,  developing a retirement plan and preparing information to  meet with an attorney to develop an estate plan. In  addition to the comprehensive outline, AgTransitions  provides tips or suggestions for each section of the plan,  resource links to articles on specific topics, worksheets  and a sample plan. An innovative feature of AgTransitions  is a producer’s ability to give reviewers or advisors  access to their plan and to interact with trusted reviewers  as the plan is developed. AgTransitions,  www.agtransitions.umn.edu, is free for anyone to use and is  online, so it is available and being used by producers  throughout the world.},
      url = {http://ageconsearch.umn.edu/record/345723},
      doi = {https://doi.org/10.22004/ag.econ.345723},
}