Transitioning a dairy operation through lease, sale or partnership involves more complexity than many other farm enterprises. This article discusses some key areas that require careful attention.

The average age of landowners is the oldest in history, land values are at an all-time high, and the cash flow needed to acquire land is outside of long-term profitability. I see an opportunity here for young farmers to be developing relationships with non-related parties. Somewhere, the perfect storm is begging a new money script from parents as to what is a reasonable expectation for the transfer of farm wealth if the family really wants to keep the farm business intact.

Here is a look at news affecting your dairy's bottom line before the Memorial Day weekend.