Iowa Public Television


How To Retire From Farming

posted on August 23, 2002

Search the Web on how to retire from farming.

Three Purdue University researchers have set up a Web site titled "Retirement Estimator for Farm Families" … which focuses on the step-by-step way that farmers can wind down their working lives.

Farmers can use the site to estimate the annual income needed for retirement by typing in their income from rented cropland, the sale of farm machinery and other farm-related income.

The site also factors in the concerns of siblings vying to take over the farm and the growing number off-farm jobs to supplement the farm income.

Tags: agriculture farmers Internet news retirement technology