Tag: keeping the farm in the family

Creating a detailed estate plan for the family farm is an essential component to building a successful operation. There are many aspects to consider when determining how to sustain farm operations without alienating members of the family. Three common solutions for keeping harmony and assets intact include purchase options and willing the land to heirs. […]

When operating a farm with your spouse, as unfortunate as it is, there will be a day when one of you is left to operate the farm on your own. For farm widows, this can become an overwhelming task. That is why it is especially important to have a plan for passing your farm from […]

Once high school hits, it can be particularly challenging to keep your teenager’s interest in the family farm. Kids at this age are more likely to distance themselves from home life as they look elsewhere for new social pursuits and interests. While it’s a natural part of adolescence, it’s still hard to see a child […]

Traditionally the decision maker on a family farm is the founder. This model worked for many generations, but when you are looking to keep the farm in the family, a collaborative style where decision making power is shared can create a stronger business plan. The following ideas can help you take a closer look at […]

Communication is quintessential to all successful businesses, including your family farm. However, it can also be one of the most difficult parts of engaging with others in a business setting. By making ourselves aware of communication needs, we can communicate more effectively for the benefit of not only our operation but also our relationships. After […]

With all of the technology available nowadays, it’s harder than ever to keep kids focused. How will they ever be interested in farming if they don’t even go outside? The key is to get the kids involved early and often, so they will feel a sense of responsibility and pride in the work they do. […]

The leaves are falling… The pumpkins are growing fresh on the vine… And your family is getting ready to celebrate the spirit of love, togetherness and legacy. The legacy of your farm is probably something that you think about each and every day as you plow your land or reap your harvests. We completely understand […]

You want to leave this world knowing your children are secure, no matter what their ages. It’s most likely every parent’s dream. And when that dream includes passing on the family farm, it is a legacy, at times, rich in family history. But what about strong family values? This is the legacy you leave that can reach beyond the […]

A crisis is characterized as difficult time or event that creates an upheaval that ultimately changes your life for better or worse. It can be anything from financial hardship to a sickness, death, disaster, interpersonal problems, and more. Crises cause stress in the entire family, and you never know when one may occur. After all, […]

Farmers are hard-working, tough-minded individuals.  When others are winding down into their retirement years, farmers are often still working as hard as ever.  Planting crops, feeding and milking cows, repairing equipment and a thousand other tasks are accomplished every year by those in the farming community.  Most farmers want to pass down their farm to […]