Arkansas Extension: Keeping the family farm in the family

As the population of farmers in Arkansas continues to grow older, the University of Arkansas Cooperative Extension Service is encouraging farmers over 55 to begin planning the future of their farms. The question of what happens to farms after the sole proprietor has passed away can be a confusing process that if not planned for ahead of time, can leave the state of the farm in jeopardy. “Farmers can protect their family legacy by creating a will, says Dr. Fernandez, who recommends consulting a professional estate planner and attorney to create a document fair and equitable to all heirs.” In order to keep farms in the family, it pays to plan ahead. 

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