NDSU sets Farm & Ranch Transition Planning classes

Many North Dakota farmers and ranchers know that when they retire, they want their business to stay in the family, but they aren't sure how to make that happen.

They aren't alone. Studies indicate that while 88% of farm families hope to pass the farm on to the next generation, only 30% of farms survive the second generation, 12% survive the third generation and 3% survive the fourth generation....