Family Farm Succession Planning

The National Agricultural Law and Center Estate Planning

The National Agricultural Law and Center provides policy and regulation resources for estate planning and taxation. Estate planning is the development of a system to transfer the ownership of property to others in a manner that achieves the goals of the original property owner. These goals often include minimizing estate tax liability, succession of the…

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Federal – CRP Transition Incentives Program (TIP) for retiring landowners

The CRP Transition Incentives Program (TIP) provides retired or retiring land owners or operators with two additional annual rental payments on land enrolled in expiring Conservation Reserve Program (CRP) contracts, on the condition they sell or rent this land to a beginning farmer or rancher or to a socially disadvantaged group. The Transition Incentives Program…

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