When estate and succession planning is in the process of taking place, it is important to avoid the most common mistakes. Let’s take a closer look at these errors so that they do not become a part of the current planning. 1) Procrastination There is absolutely no need to procrastinate when it comes time to […]
Month: April 2021
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Successful Farm Succession
In an ideal world, the family farm would be passed down from generation to generation without any issues. The reality is that family farm succession success requires careful consideration and planning for the process to work well. Successful multigenerational farm families all need to work through the following. Open lines of communication. Hold regular family meetings […]
Owning and managing a farm can be a great way to earn a living and is also a legacy that many families would like to keep within the family for generations. If you own and operate a farm that you would like to pass down to the next generation, having a succession plan in place […]
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Hiring Kids on Your Family Farm
Look around and take in the serene beauty of your farm. You and your family have put in countless hours of hard work to keep it up and running. Now, it seems that your children have begun their adult lives. They are going to college, getting married, or moving away. Of course, they may still […]
