I Just Inherited a Farm... Now What?

If you've just inherited a farm, you might be feeling a mix of emotions — pride, uncertainty, maybe even a little overwhelmed. That's completely normal. Inheriting a significant asset like farmland comes with big decisions, and it's okay not to have all the answers right away.

That's where Hertz comes in.

The first step is simply understanding what you have — where your farm is located, how big it is, and what kind of lease is in place. From there, you can start thinking about your goals: operating the land, renting it out for cash, or selling it. Clarity gives you confidence.

Know What Your Farm Is Worth

Most people who inherit land want to know its value, and for good reason. A professional appraisal doesn't just tell you the market value — it also establishes your stepped-up tax basis, protecting you if you sell or transfer the land later.

Inheriting With Family?

If others are involved in the inheritance, creating an ownership structure like an LLC or partnership can help everyone make decisions together with confidence. Even in close families, opinions can differ. A clear structure keeps relationships strong and your farm's future secure.

You Don't Have To Do This Alone

At Hertz, we bring together experienced farm managers, real estate professionals, and appraisers who work alongside your attorney and accountant — so every decision supports your goals and honors your family's legacy.

Call us toll free at  800-593-5263  or fill out our online form and we will have a Hertz Farmland Professional reach out to you.