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Succession Planning for Forest Landowners

Succession planning addresses both transfer costs and naming a capable successor and offers an inter-generational perspective to do so effectively.

Forest landowners own property of significant potential value with two unique characteristics: 1) significant management decisions will be made over the extended period of time that a stand of timber matures and the market evolves; 2) this time period will likely span generations. When one generation transfers ownership, there will be transfer costs to manage, as well as naming a capable successor who can address the timber management issues to be faced. Succession planning addresses both of these issues and offers an inter-generational perspective to do so effectively.

Speakers

John C. Becker, Professor of Agricultural Economics and Law, Penn State

Microsoft PowerPoint, 2.0 MB