As the dawn of a new year approaches, farmers around the world gear up for more than just seasonal changes. The transition from one year to the next is a time to reflect, set goals, and plan for the future. For those involved in family farming, the new year is an opportune moment to chart […]
Celebrating the family farm legacy during the Christmas season is a wonderful opportunity to reflect on the values, traditions, and hard work that have been passed down through generations. Here are some aspects you might consider discussing: Traditions and Celebrations: Generational Perspectives: Passing Down Knowledge: Family Unity: Gratitude and Acknowledgment: Preserving Memories: Future Plans: Celebrating […]
Thanksgiving is a beloved holiday celebrated with feasts, gratitude, and the warmth of family and friends. It is a time to reflect on our blessings and the importance of family. For many, this holiday carries an extra layer of significance, as it takes them back to their family farm heritage. There is a deep connection […]
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Managing Tension on the Family Farm
Working on a farm with family tension can be challenging, as it can affect both the work environment and your personal relationships. Here are some tips for managing family tension while working on a farm: Dr. Ron Hanson has provided great information regarding communication as a farm family, which can be found here. Remember that […]
In their Estate Planning farm families usually rely on a trust to avoid unnecessary taxes and government involvement. By creating a trust the farmer makes sure that his intentions for distributing farm assets prevail after death. When a trust is in effect, there is no need for probate because the trust owns the property and […]
Farms used to be passed along throughout generations by default. It simply made sense that parents would pass a family farm along to their children, who had grown up participating in farm life. Although the practice of maintaining multigenerational farms is less common now, maintaining a multigenerational farm still has benefits for the family, the […]
A problem each family faces is conflict between siblings. In other instances, the effect of such may be negligible. In the case of the Family Farm, however, conflicts can escalate to rivalry, and complicate preparations for the next generation. Dealing with conflict is certainly not easy, so here are a few steps to help manage […]
Boundaries means more than the fence line separating your property from your neighbor’s property. In psychological terms, a boundary is anything that marks a limit. The limit can refer to whether someone is treating you well or treating you abusively. In farm families, boundaries need to be set to determine good behavior and behavior that […]
Family farms can be filled with a lot of tension. Often, multiple relatives are working toward the goal of keeping the farm in the family. However, conflict may arise when they want to do so in different ways. It takes some give and take, along with compromise and negotiation. One person cannot win an argument. […]
Many people use different succession tools when planning for the future, but not everyone fully understands the ins and outs of financial planning. This means that some of the documents used may not work how one thinks. For example, misconceptions exist about revocable living trusts. When keeping the farm in the family, ensure that you […]
