Here are also a few comments…

Here are also a few comments on the benefits of lot creation on non-agricultural land within agricultural areas for residential use as it relates to farm and estate planning with regards to severing off a lot or the current main dwelling.

Personal Connection: Retiring on the farm allows farmers to remain close to the land they have worked on for years, preserving the emotional and personal connection they have with their farming heritage. It can provide a sense of continuity and comfort during the transition to retirement.

Lifestyle Convenience: Severing off the existing home for retirement living provides convenience and familiarity. Retiring farmers can continue to enjoy the comforts of their established home, with all the amenities and infrastructure already in place, such as access to utilities, roads, and other services.

Financial Benefits: Retaining ownership of the existing home on the farm can offer financial benefits. It eliminates the need to purchase or rent a new residence, potentially freeing up capital for retirement savings or other purposes. It also allows farmers to maintain control over their living expenses, such as property taxes and mortgage payments.

Ease of Transition: Transitioning to retirement can be emotionally challenging for farmers who have spent their lives working on the farm. Retiring in the existing home on the property can make the transition smoother and provide a sense of familiarity and comfort during this life stage.

Lifestyle Flexibility: Retiring on the farm offers lifestyle flexibility. Farmers can continue to engage in certain agricultural activities or pursue hobbies and interests related to farming, on a smaller scale and at their own pace. This flexibility can contribute to a fulfilling retirement experience.

Family Considerations: Retiring on the farm can also accommodate family considerations. If family members are involved in the farming operation or live nearby, maintaining the existing home can allow for continued family connections and support, facilitating multigenerational interaction and involvement.

Estate Planning and Succession: Retaining the existing home as part of the retirement plan can simplify estate planning and farm succession. It allows for a clear division between the farm's residential and agricultural components, making it easier to pass on ownership or management of the farming operation to the next generation.

Thank you!