Skip to main content
  • Find a Farmer
  • Find Farmland
  • Become a Certified Farm Seeker
  • About
    • Frequently Asked Questions 
  • Upcoming Events
  • Resources
  • Sign In
  • Become a Certified Farm Seeker
  • Resources
  • About
    • Frequently Asked Questions 
  • Farm Transition Guidance
    • Best Practices

User account menu

  • Log in

Main navigation

  • Find Farmland
  • Home
  • Find a Farmer

Best Practices

Breadcrumb

  1. Home
  2. Farm Transition Guidance

"Keeping a farm in the family requires agreement between generations which cannot be achieved from one side of the generational equation." 

Andrew Branan, Planning the Future of Your Farm- A Workbook Supporting Farm Transfer Decisions


It is never too early to begin thinking about farm transition and planning the the future of your farm. 

Why is this important?

  • Ensure your land remains in agricultural use
  • See your farming operation continue 
  • Tax implications and estate planning 
  • Ensure a secure retirement 
  • Risk management 

Where to start? 

  • Outline values and goals 
  • Evaluate resources 
  • Identify a successor 
  • Ultimately, create a written plan 

Transitions within the Family 

  • Treating heirs fairly and equitably, which may not always be equal 
  • Important to separate business decisions from family decisions 
  • Have regularly scheduled meetings with the whole family 
  • Evaluate your resources: Can your business support multiple generations and incomes? 

Non-Family Transitions

  • Be open to arrangements other than a buy-sell agreement 
  • Be flexible, but know your deal-breakers 
  • Don't give up if the first person doesn't work out
  • Involve non-farm heirs in the discussion 

Information on this site should not be taken as legal or financial counsel. Users of this site should always utilize their own attorney or financial advisor when making business or legal decisions. At his time, the Virginia Farm Link program is unable to offer any additional assistance in terms of mediation discussions between potential Farm Owners and Farm Seekers.

VIRGINIA FARM LINK PROGRAM
900 Natural Resources Drive, Suite 800
Charlottesville, Virginia 22903

Phone: 434-220-9021
Email: conservation@dof.virginia.gov

Stay updated with VA Farmlink
News and Stories:

  • Facebook
  • Instagram