Farming is a costly way of life, and death can be costly when surviving family members are hit with estate taxes on the transfer of farmland and equipment.
A formal succession plan for family land ownership can secure and sustain prosperity for future generations. This reality has enhanced opportunities for some Virginia farm families, but has hurt others.
In a Dec. 4 meeting, the Loudoun County Board of Supervisors approved two conservation initiatives proposed to help preserve the county’s rural areas.
Farm transition and estate planning workshops will be held Nov. 14 at the Bedford Campus of Central Virginia Community College and Nov. 15 at the Rustburg office of Virginia Cooperative Extension in Campbell County.
Since the Virginia agriculture license plate initiative started in 2004, Virginians who display the specialty plate have been driving home their support for the state’s farmers.