You’ve worked hard to keep your farm alive. You’re proud of it. It’s like a child to you. And, like any child, you think about its future. You want what’s best for it, and you want to ensure it will be in safe hands after you’re gone. This farm is your legacy. It is years […]
If you’re somewhere in the process of a farm transition, then you know how complicated it can be. There are many people involved. There’s a lot of paperwork to deal with. And the money aspect can be a snarl of a numbers threatening to explode your brain. AgriLegacy is here to assist you through the […]
Everyone loves the idea of marrying a hardworking farm guy or gal and settling down to raise a family. Unfortunately, the reality is far from what you’ll find in cliché romance movies. To get an idea of what life will really be like, here are six things you need to know before marrying into the farm. […]
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Planning Your Farm Legacy
When asked, most farmers would say they’d like to pass on their farm to their kids once they’re ready to call it a day. Unfortunately, the likelihood of this actually happening is depressingly slim. A big part of this is simply due to the fact farmers neglect to actually plan for passing on their legacy […]
A family farm takes a lot of people to run it. The more generations the farm has been in the family, the larger and more complex operations eventually become. But what about when it’s time to make important decisions about the farm? Who should make those decisions and who should be allowed to offer their […]
The time comes when every farmer must consider handing over the keys to the tractor, but taking certain steps now can lead to better decision-making and far less conflict when it comes to succession planning. According to the U.S. Department of Agriculture (USDA), during the next five years, about 10 percent of all farmland will […]
For many of us it can be difficult to wrap our heads around succession planning. There are always so many things to do on a farm, so many things that require attention here and now, that something as distant and unimaginable is hard to comprehend. But succession isn’t something to sweep under the rug. […]
When siblings inherit the family farm without an agreed-upon succession plan, it can be no surprise when conflict ensues. Perhaps one brother wants to keep operating the farm as mom and dad always did. Yet a sister has new management ideas for additional crops and product. Even worse, another sibling doesn’t want to own a […]
There’s an old saying that goes a little something like this, “Home is where your mama is…” And no matter where you grew up or how old you grow, there is a kid inside of us all who will always long to go back home. When the road is too winding, when the day is […]
Farming is one of the most dangerous industries on the face of the planet. And so how to plan to prevent injuries, and understand their costs, must be part of any farm’s plans. According to research by S. G. Gerberich, R. W. Gibson, and L. R. French, Et al., the majority of injuries (40%) were […]
