University of Maryland Extension

transition planning

Summary

Urban Ag home | Table of contents Managing the human part of a farm is likely to be the most complex part of a farmer’s work, and is likely to require skills outside the prior experience of many farmers. Plan how to minimize physical health and safety risks, including equipment-related injuries,...

Transition planning

Urban Ag home | Table of contents Transition planning, also called succession planning or estate planning, means having proactive conversations about whether and how your farm has a future beyond you. For a community urban farm , transition planning might include working to improve the common...

Valuing On-Farm Heir’s Sweat Equity Is Complicated: Agreements Can Fairly Compensate On-Farm Heirs

Image of tractor working at sunrise.  Image by Edwin Remsberg
Determining the value of sweat equity can be both challenging and controversial for farm families. Sweat equity arises as an issue when an on-farm heir receives payment at below market rate, and the farm business grows in size due to an on-farm heir’s below-market labors. Land in the farm may also...
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