Farm Succession Planning

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 [...]

Years ago a famous estate planning attorney at law informed me that, from his many years of experience, farms and companies are structured because, in his words, that’s the way they were originally arranged. I was young and inexperienced and didn’t fully grasp what he meant when announced one of the greatest stumbling blocks for [...]

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 [...]

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 [...]

The cornerstone for your farm’s continued success is most likely the ability (no not really the ability rather the willingness) to perform what is actually mandatory for you to pass the farm from your existing senior generation to the next. And while the next generation is normally someone you are related to, it doesn’t have [...]