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Tag: farm succession

Is America ready for “share-farm”?

Is America ready for “share-farm”?

We have all seen the trend toward larger farms, especially for commodity crops, dairy and large-scale poultry operations. Closely related to that trend is the loss of younger farmers, particularly in the types of farm sectors that require major investments to start. Simply said, if you don’t inherit a large-scale operation, you can’t afford to buy the farm, or even the equipment to farm. The logical, long-term outcome of those trends is either corporate ownership of all such farms or…

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Saving family farms in Maryland

Saving family farms in Maryland

Farming in the U.S. has gone through an incredible transformation in the last century, from highly diversified to highly specialized. Over that period, we’ve gone from 6.4 million farms to 2.1 million farms. Meanwhile, average farm size in the U.S. has increased from 148 acres in 1920 to 434 acres in 2012. Over the same period, Maryland went from 47,908 farms to 12,256 farms and average farm size has increased from 100 acres to 166. From 1997 to 2012, the…

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Farm succession plans needed, now more than ever

Farm succession plans needed, now more than ever

In August 2012, I posted a discussion “Family farm successions and transitions”¬†which highlights what I learned from the Farm Link and Transition Pilot Workshop held in Virginia. Last week, I had the opportunity to hear another excellent presentation on farm succession planning at the Farm Action Workshop held by the Maryland Farm Bureau and Nationwide Insurance and organized by local agent Carrie Polk. Therefore, I am revisiting the topic. According to Don Schrieber, Director of Nationwide’s Advanced Consulting Group, only…

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