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Strategizing for Agribusiness Retirement
The University of Nevada Reno Cooperative Extension offers good information on "Retirement Strategies for Agribusiness Owners." Authored by Kynda R. Curtis and Margaret W. Cowee of the UNR College of Agriculture, the article covers concerns that are specific to farm and ranch households. A few excerpts:
"Due to the nature of farm business, farm households have different savings habits and more diverse financial portfolios than typical U.S. households...
Retirement planning is especially important for farmers who would like to retire in the next five to fifteen years...
Older age-group farm operators and landowners are staying in farming longer than previous generations, due in part to improved health and longevity, and to technological advances that have enabled farmers/ranchers to perform physical tasks longer than previous generations could."