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Family Farm Farming Succession Planning

Estate Planning And Avoiding Probate

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 […]

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Family Farm Farming Multigenerational Farming Succession Planning

Keeping the Family Farm: 3 Common Estate Planning Mistakes and How To Avoid Them

It’s a common tradition in the farming industry that estates are passed down within the family to continue production for upcoming generations. It used to be as simple as signing over the deed to your children, and then they simply took over. Today, however, with the numerous estate laws now in place, retiring farmers need […]

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Business Family Farm Farming Succession Planning

Keeping the Farm in the Family: Choosing Your Successor

Farming families are built tough and ready to handle the changing seasons and all the challenges the world can throw at them. You want to keep the farm in the family long after your retirement, cultivating a family farm that continues to pass down through the generations. In some cases, however, you may struggle to […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Grow On: How The Family Farm Lives On

“It’s not what you have when you leave this world behind you… it’s what you leave behind you when you go.” – Randy Travis The fresh morning air, the way that the grass always feels wet right before the sun comes up even when it’s not raining and the clean smell of harvest and happiness […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Overcoming Common Delays in Succession Planning

Keeping a farm in the family through several generations takes good planning, excellent communication and more than a little bit of luck. Often succession planning is not considered early enough by either generation. Often, families “talk”, but not about the business of the farm and it’s future. Fathers do not know if their offspring are […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Succession Planning: Mapping Out The Future of Your Farm

Do you have a succession plan in place for your farm? Most businesses have succession plans in place to help ease the transition when the current leadership steps down, but we don’t often hear about farmers making succession plans, and as we know, farms are businesses. A succession plan is a plan identifying internal talent to […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Multi-generational Farming: Balancing Tradition & Innovation For Growth

Family farming is one of the most challenging and rewarding professions there is. Farmers are more connected to nature than most people. Farmers understand the complexities of working with their land to produce food for our nation. Multi-generational farming passes on the knowledge, wisdom, and traditions to the next generation. But what can farmers learn from the next generation […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Benefits of a Family Farm

Family farms have been disappearing over the years, with the number of dairy farms dropping more than 90% since 1970. There are many benefits to having a family farm, which we will take a look at here. The Animals A love for animals is a key factor for many who become farmers. Having the patience to care […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Multigenerational Farming: Upholding Traditions

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 […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

Keeping the Family on the Farm

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 […]

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