According to the results associated with a newly released survey, a lot of family-owned farms need help if they are to realize success beyond the current senior generation of owners. This is generally because of farm succession planning or in reality the lack of it. Without having help these farmers will do precisely what they’ve [...]
Read More...Smart people realize that, at the end of the day, the lifetime they have invested in their farm will have to be converted to income for their retirement, a cash or cash equivalent inheritance for their heirs, a resource for the next generation of farmers to build on for the future, or perhaps all three. [...]
Read More...It’s not at all uncommon for a farmer to have ninety percent of everything they have tied up inside the farm’s operation. I am not talking if you personally own it or the farm is the owner of it or even if the farm organization or partnership are the owners of it. What I am [...]
Read More...How much of your energy is being spent helping your subordinates develop their business leadership management effectiveness? Does every decision have to be signed off on by you before actions can be taken? Or do you work hard at growing your people, always looking for ways to release their power by delegating every decision that [...]
Read More...Intelligent families recognize that, at the end of the day, the lifetime they’ve already invested in their farm will have to be changed into funds for their retirement living, a hard cash or cash equivalent inheritance for their beneficiaries, a resource for the next generation of farmers to build on for the future, or perhaps [...]
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