Succession Planning
From cyberattacks to succession, top producers share how they turned high-stakes crises into strategic growth. Discover how balancing data with values and peer relationships can transform agricultural risk.
While 69% of farmers expect to transfer their operation to the next generation of family members, too many are misplacing their time and efforts, according to The Williams Group. The company offers 5 recommendations that can help farmers and other business owners course correct.
Transitions of any kind are hard — but farmland might be one of the toughest, says Steve Bohr of Farm Financial Strategies.
At the multigenerational, family-owned Camlam Farms in Camarillo, Calif., the focus is on making sustainable business decisions with the goal of keeping the ranch for next generations.
Strong succession is driven by leaders who are willing to plan boldly, act decisively and invest in their next generation. Your family and your operation are counting on you.
Return guest and fourth-generation farmer Chris Pawelski shares the journey he and his family took to create a farm trust and plan for the future.
It’s time. You need to finally make your farm’s succession plan a priority. As you take a first or second or 20th step in the process, shoot to avoid some common landmines.
Matt and Lisa Moreland hoped at least one of their sons would return home to farm after college. What they didn’t anticipate? All three sons wanted to come back. Here are four things the family learned in the process.
There are signs that water is the new oil as water rights turn into water fights across the western U.S., says columnist John Phipps. He thinks it’s a battle that could only heat up in the coming years.
Whether you’re 35 or 65, things happen. Don’t risk the future of your farm by putting off your succession plan. Get started, make a plan and put it into action.
When you hear of a new record sale of farmland it raises eyebrows — and your farmland’s worth. With this key asset rapidly increasing in value, you need to analyze your estate plan.
The Tracy Ranch marked the rare sesquicentennial milestone in 2012 validating the struggles of five generations of California farming.
Top Producer’s Executive Women in Ag gets underway Jan. 28. Registration is open.
The Proposed Transfer Tax can actually eliminate net equity for many farm families and cause their heirs to be underwater. It can be much worse than the current or proposed estate tax for most farmers.
USDA Secretary Tom Vilsack and Rep. Cindy Axne joined AgriTalk with host Chip Flory and Pro Farmer Policy Analyst Jim Wiesemeyer recently to comb through President Biden’s reframe of the Build Back Better (BBB) plan.
There can be huge costs -- monetarily and in human capital -- if you don’t set up the structure of succession well, say Paul Neiffer, with CliftonLarsonAllen, and Rena Striegel, Transition Point Business Advisors.
You’ve heard the horror stories. The ones about farm families who spend months in court fighting over assets. The result? A destroyed business and fractured family. Why does this situation play out over and over?