Transferring the Family Ranch to the Next Generation

Farming and ranching is a Montana legacy. Montana family farms and ranches are traditionally passed on to the next generation. I recently sat down with a family to have this discussion over coffee. The process is challenging because it is comprised of economic, legal, and complex family social decisions. While some family members may want to stay on the land, others may be ready to move on. I believe there is a practical solution for all involved. 

The Department of Family Economics  Montana State Extension Agency provides many resources to assist Montana families with this complex decision. These resources include publications and links to professionals who are experts in the area of family ranch economics.

Check out their schedule of workshops and webinars discussing the topic of Ranch Family Estate Planning

As always, consider the team at Montana Ranch Properties as part of your professional team. Our experienced Brokers are here to help establish value and excellent marketing strategies for your Montana farm or ranch. Contact Leah Olson, Broker & Accredited Land Consultant, for more details.