Building a Farm Succession Plan #2: Business Planning and Family Meetings

Center for Agricultural Profitability · Jul 16, 2026

Before a farm or ranch moves to the next generation, families have to answer a hard question: is the operation viable enough to support another household? In this episode of the five-part Nebraska FARMcast series on building a farm succession plan, Anastasia Meyer, Extension agricultural economist with the Center for Agricultural Profitability at the University of Nebraska-Lincoln, walks through business planning and the family meetings that make a transition work. She covers how to talk openly about financials and debt, who to invite to the table, and the ground rules that keep those…