It isn’t unusual for a farm owner to have 90% of everything they’ve got 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 corporation or partnership owns it. What I am saying is you almost certainly [...]
Read More...Each individual smart farmer recognizes there’s a gigantic danger facing them. Some make-believe that they will be safe from it or they try and transfer the duty for doing anything about it to more or less everyone else. You already know the threat I’m referring to, it is the consequence of not planning now for [...]
Read More...Smart farmers recognize that farm strategic planning is mostly about looking down the road at what’s hiding round the bend. In addition they realize that if everyone is on board when it comes to considering the future benefits of their strategic planning, they will be more committed to take part in it and use the [...]
Read More...Professional farmers recognize that management succession planning, not only the estate planning aspect, of moving their farm to the next generation is much more important today than previously. Thankfully there are proven strategies the senior generation managers and their key employees are able to use to produce an ongoing management knowledge transfer to their successors. [...]
Read More...The key for your farm’s long-term success is ability (no not the ability but the motivation) to do what is actually necessary for you to pass your farm operation from your today’s senior generation to the next. And while the successor is normally an individual you are related to, it needn’t be. It might be [...]
Read More...
FYI: