While it may not live up to a fairytale lifestyle, marrying into a farm can be rewarding in ways you’d never imagined. If you’re coming from city life, put on some muddin’ shoes, a straw hat, and get ready for the ride of your life. Unpredictable Dinner With a regular 9-5, you can plan out […]
Category: Family Farm
“10% of Farmland Expected to be Transferred by 2019.” This is the title of an article on the Wisconsin Ag Connection website that points out the overall advanced age of U.S. farmers. Approximately a third reached the age of 65 in 2014. By 2019 farmland owners are projected to transfer 93 million acres, mostly though […]
The farm is not only a homestead, but a living heritage and a coveted inheritance. It is something that many of you were given as a birthright and you probably plan on giving it to your own children in turn. As times, customs, and priorities change over each generation, the older farmers sometimes struggle to […]
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3 Benefits of The Family Farm
The concept of the family farm used to be a very commonplace staple in American culture. Today family owned and operated farms are less common but still an increasingly important part of human culture, both domestic and worldwide. Encouraging more families to take part in family farming has many benefits. It Teaches Cause and Effect Often in […]
It’s never too soon to decide who will care for the family farm when you are ready to pass the torch to the next generation. Unfortunately, it is a conversation all to often postponed until it’s too late. A recent article on estate planning notes that, “Individuals put off estate planning because they think they don’t own […]
Farmers take care of the land. They grow crops, tend to animals and work long hours. They are not always aware of how estate planning can benefit them when it comes time to pass the family farm to the next generation. What are three key reasons to consider estate planning for the family farm? Federal estate taxes […]
Handing down the family farm through the generations has been a long-honored tradition for many families across the United States. It offers a nostalgic image that at one time could be considered living the American dream. Nowadays, though, there are indications that this isn’t happening as often as it used to. The simple fact of […]
There is always work to be done on the family farm, which makes estate planning a priority when leaving the farm to a loved one. When someone passes away, one’s possessions and property are distributed during probate. A court oversees this process that can take anywhere from 3 months to years to conclude, and complications […]
Multigenerational Farming offers the chance for a younger generation to reap what’s been sowed by their parents and grandparents. Although there are always new machines and techniques to make farming less labor intensive and more efficient, these new-fangled methods could also have unforeseen consequences. This article touches on two examples where the new generation of farmers […]
As farmers, we face daily struggles. Family farms looking to transition from one generation to the next, face even greater challenges. When the children of the family are young, it’s easy to put off future planning. When they enter the teenage years, their contribution is great and this is, quite possibly, the most productive time for […]
