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

Recorded Webinar
PowerPoint Slides

PowerPoint presentation, 2.0 MB

Center for Private Forests

Address

416 Forest Resources Building
University Park, PA 16802

Center for Private Forests

Address

416 Forest Resources Building
University Park, PA 16802