Categories
Uncategorized

Family Tensions on the Farm

If people were perfect, greed and tension on the farm would not be a topic of discussion. Unfortunately, we are people, flawed, and have a tendency to be a bit selfish. Working on or owning a family farm is beautiful and offers many benefits, yet it can also be very difficult relationally. At AgriLegacy, we […]

Categories
Uncategorized

Planting Seeds for a New Generation: One Family’s Story

Every farm begins with a story. Grooming the next generation of farmers in your family should be no different. It should be characterized by a love of the land, the discovery of new things, and excitement for the future.  This is one family’s story. Looking out the kitchen window over the rolling fields of sagebrush […]

Categories
Uncategorized

Building an Effective Farm Decision Team

Operating a family farm is a constant – but beautiful – contrast of practical goals and cherished dreams. The farm is like any other business that needs to make a profit to survive, but it is also the keeper of an intangible legacy passed down for generations. Balancing these two very different realities is tough – […]

Categories
Uncategorized

3 Strategies For Transitioning When Off Farm Children Come Back to Work on the Family Farm

It’s always exciting to welcome your adult children home again to the family farm. Yet, you can be certain that there will be some bumps along the road over the next several weeks. While adjusting back to the farm can take some work, it is reassuring to know that your child has learned a few […]

Categories
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 […]

Categories
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 […]

Categories
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 […]

Categories
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 […]

Categories
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 […]

Categories
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 […]

Facebook
Twitter
YouTube
LinkedIn
Instagram