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- Farm and Ranch Succession: Wisdom from a Ranch Owner
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FARM AND RANCH SUCCESSION is the transition of ownership and management from the retiring generation to the successor generation. The legal transfer of assets may occur through inheritance, gifting, preferential sale, other means, and/or a combination of strategies. These transfers tend to be straightforward, especially if the family has communicated throughout the process. However, the transfer of management decision-making for day-to-day operations can be much more problematic . . .
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