MSU Extension examines transfer planning for next generation of Montana farmers, ranchers

MSU News Service

BOZEMAN — According to Montana State University Extension, an important goal for many Montana family farm and ranch enterprises is to transfer land and businesses to the next generation, but the process can be challenging.

According to Marsha Goetting, MSU Extension family economics specialist, some families may avoid the process completely because of its economic, legal and family decision complexities. Others may start the process but abandon it to avoid conflicts that can arise from differences in goals, values and perceptions of fairness among family members.

The...