The University of Maryland, College Park is helping Maryland farmers better understand business and farm succession planning. With a recent grant of over $42,000 from the USDA’s National Institute of Food and Agriculture and the Northeast Risk Management Education Center, the university will fund estate and transition planning resources for Maryland family farmers.
Farm succession planning refers to the planning the transition of family farm ownership from one family generation to the next. This subject can be difficult for families to think about now, but advanced planning in farm succession is crucial for future generations to navigate the challenges of taking over the family land. The grant will help the University of Maryland host workshops and provide educational materials to local farmers to help them understand the laws and strategies to begin the transition planning process. In addition to these services, the program will also provide interactive educational resources and empowerment for women in agriculture. Through this work, a mission of the University of Maryland is to strengthen Maryland’s state economy and support the future success and prosperity of local farmers.
To learn more about these workshops and the University of Maryland, College Park, read more here.More From: University of Maryland
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