Articles on "family farm"

A Guide to Family Farm Succession Planning

by David Stanislaw | Sep 9, 2020 | Business and Strategic Planning, Family Business

Michigan has over 47,000 farms, operating on 9.8 million acres across the state. 95% of those farms are family-owned. With the average age of farm ownership creeping upward to 56, the question of who will inherit those family farms is becoming a pressing issue. A...