Tag: santa barbara county

The question of succession weighs heavily on the mind of nearly every rancher: “Who will take over my ranch once I am gone?” According to the USDA, within the next two decades, approximately 70 percent of U.S. farming and ranching operations will confront this issue. While the next generation often assumes responsibility, this isn’t always the case, necessitating careful planning and arrangements to safeguard the operation into the future. For the late Louise Hanson, the original proprietor of the Hanson Ranch, a conservation easement emerged as a cornerstone of her estate planning.