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Can farming provide financial security for my family?

Financial security means different things to different people. In addition to basic income, it may include savings, retirement planning, and life insurance.


  • Determine what financial security means for you and your family and/or farm team. You can't know if farming could provide it unless you know what you need!
  • Make sure your business plan addresses retirement and other savings needs. See the business planning resources above.
  • Agree that a family member will hold an off-farm job. You may find that farming part-time or having some family members continue with off-farm jobs provides important stability to offset the uncertainties of farming.
  • Develop an estate plan to provide for the long-term security of your family, and the future of your farm business.


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