Will You Ever Deal With The Important Components of Farm Management Succession? Professional farmers are aware that management succession planning, not merely the estate planning element, of shifting their farm to the next generation is much more important today than ever. Fortunately there are time tested strategies the senior generation managers and their key employees [...]
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The secret to your farm’s longterm prosperity stands out as the ability (no not really the ability rather the motivation) to undertake what is important for you to pass the farm from your today’s older generation to another. And while the next generation is normally an individual you are related to, it needn’t be. It [...]
Read More...Maybe thirty years ago a well known estate planning attorney told me that, from his many years of experience, farms and businesses are arranged simply because, in his words, that is the way they were originally arranged. I was naive and inexperienced and didn’t understand what he meant when announced one of the greatest stumbling [...]
Read More...Based on the end results of a new survey, a lot of family-owned farms need help if they’re to be successful beyond the current senior generation of owners. This is primarily on account of farm succession planning or actually the lack of it. Not having help these farmers will do precisely what they have up [...]
Read More...Each individual smart farmer is aware there is a huge threat facing them. Many of them pretend that they will be safe from it or they try to transfer the obligation for doing something about it to essentially everyone else. You recognize the threat I’m talking about, it’s the result of not planning now for [...]
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