Easing the transition to the next generation

Studies show that roughly 89 percent of farmers today do not have a transition in place, which makes it difficult for the next generation to succeed. ASA partners with several quality providers — including Nationwide’s Land As Your Legacy program — to assist you in easing the transition to the next generation and ensuring long-term success for your operation. ASA will evaluate your farm and your specific situation to provide a recommendation for the best transition plan for you.
As an example, the Land As Your Legacy program looks at the following key elements:

Succession Planning. The successful transition of your business to the next generation
Business Planning. Your strategy for profitability now and in the future
Risk Management. Identifying and preparing for risks to your operation, including health insurance, long-term care and property and casualty insurance
Financial Independence. Ensuring your financial independence from the farm operation after retirement and mentorship training for the next generation
Estate Planning. How you would like your assets distributed and liabilities paid