New Farmers Get a Helping Hand
An article in the Denver Post today and in other papers outlined a program in Iowa that is designed go help young non-farmers become farmers by hooking them up with farmers that are ready to retire.
This particular program is located in Iowa at Iowa State University and is headed up by Dave Baker. The program is called the Beginning Farmer Center and it appears that they have helped up to 30 beginning farmers get partnered up with retiring farmers over the last three years.
Although the program is designed to help younger people who want to get started in farming, but do not have the needed capital to do it on their own, it appears that there is no age limit on who can participate.
If you are nearing retirement and have no heirs who are interested in farming, this program or others like it in other states may help you partner up with somebody who wants to farm and would be willing and able to continue your farming legacy. It is worth taking a look at it.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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