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Farming

Conservation Easements for Agricultural Land

Conservation easements are a powerful tool to protect farm and ranchland from development and keep it in the family. How do they work? Each conservation easement is a legal agreement that binds to the land into the future. It becomes part of the title of the land. Depending on the reason for the easement, different […]

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Family Farm Farming

Keeping the Family Farm in the Family: Give the Gift of Legacy This Christmas

Isn’t it truly amazing that it only takes a twinkle of clear lights strung around a fir tree to ignite wonder in the eyes and hearts of our children and grandchildren? Baking sugar cookies around the breakfast table, wondering if every light up in the sky is Santa’s sleigh approaching, a single snowflake falling to […]

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Business Family Farm Farming Successful Farming

3 Tips For Reducing Tension on the Farm

Farm life isn’t known for being easy. Yet, there are also rewards like knowing that instead of a stressful commute you are heading into the sun-kissed fields. When tension strikes, it is important to address it right away because everyone knows that nothing is so important that it should come between a farm family. Use […]

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Family Farm Farming Multigenerational Farming Succession Planning

In a Family with Multiple Siblings, Who Inherits the Farmland?

“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 […]

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Family Farm Farming Succession Planning

I Give Unto You: Keys of Multigenerational Farming

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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Family Farm Farming

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 […]

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Business Family Farm Farming Multigenerational Farming Succession Planning

3 Questions to Ask Yourself About Bequeathing the Family Farm

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 […]

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Family Farm Farming

Three Reasons to Consider Estate Planning for the Family Farm

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 […]

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Family Farm Farming Multigenerational Farming Succession Planning

Multigenerational Farmers Want To Keep the Tradition Alive

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 […]

Categories
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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