Iowa Farm Transition Case Studies: Loomis Family Farm Transition

The Loomis family from northern Iowa has recently completed a successful family farm business transition to the next generation. The transition of their row crop and swine farm spanned the first 22 years of the younger generation's farming career, was well planned and implemented gradually.

This case study highlights the transition planning process and timeline, tools used, the older generation's estate plan, lessons learned, and the Loomis's advice for other farm families considering a farm business transition. Questions about the family's current situation and possible future of the farm are included for family or classroom discussions.

Pages / Length: 5
Publication Date: 08/2017

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Permanent link for this product: https://store.extension.iastate.edu/product/15251