Farm Estate Planning Strategies

Date March 16, 2010

Because you're here, I assume you are interested in your farm's long term success. Click here to learn the most cost effective way to achieve it!. I took this picture on one of my many trips to their farm.

This video presentation with Ten Star Financial Services’ David explains how a farming company’s solution where no capital gains tax has to be paid and the children who are not actively farming receive their inheritance tax free through strategic restructuring.

Ten Star Advisors (representatives) gain access to this video seminar in its full length, as well as the rest of the videos in the series, and numerous other benefits to serve you better.   Duration : 0:2:37

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Farm Business Management Leadership Training

Date March 15, 2010

Whether this article is specifically about farm planning or not we believe it has information of potential value to you. For the most part what works for in-town companies also works on the farm, with a little modification and creativity.

Farm management leadership training is a vital component in every farmer expecting to succeed over the long term.

That’s because of the changes in the farming and political environment, as well your employees abilities over time.

And it is a critical component in the long term implementation of farm succession.

Every expert says that leadership is the key core competency of 21st Century business leaders.

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The Toilet Paper Approach – Elaine Froese – Farm Family Coach

Date March 15, 2010

Toilet paper is soft on the person and hard on the problem – a lesson you will see every day for the rest of your life.

If you come at people with a sense of curiosity, “I’m just curious why you’re doing it that way.” Don’t you think it would work better if we did it this way.

Can we try it my way? Rather than saying “You Always” or “You never” or “I cant stand it. I’m finished” And where do these scripts come from? It’s because we judge each other rather than say “I’m just curious why.”

Duration : 0:1:43

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Legacy Project: Nothing worth doing is without challenge.

Date March 12, 2010

At the Top Producer Young Farmers Program, Kevin Spafford, Farm Journal succession planning expert, a breakout session entitled How to Talk to Dad with Ben Hudye, of Hudye Farms. Listen to this segment: Nothing worth doing is without challenge.

Duration : 0:1:7

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Farmers Beware – Changes in The Capital Gains Tax Are Coming!

Date March 12, 2010

Whether this article is specifically about farm planning or not we believe it has information of potential value to you. For the most part what works for in-town companies also works on the farm, with a little modification and creativity.

There is every possibility that capital gains taxes, taxes on the increase in the value of your farm, will be imposed on your family before you die.

Regardless of your view of who’s in Washington right now, you are not likely to be looking to sell or die in the next few years – so whatever is happening now is not what’s important.

This article explores the impact on farmers and business owners wanting to sell or pass along their business based on the very real probability of this impending increase.

Thinking of selling your business? If you have planned it correctly, most of your transaction proceeds should be long term capital gains.

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