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Showing articles tagged with "Generations". Show all posts.

Apr
15
2015

Business of Agriculture: Building Your Succession Planning Advisory Team

Developing an effective succession plan that will protect your assets and help you manage the smooth transition of your operation is a process that involves many complex decisions. The good news is that you don’t have to go it alone…in fact, you shouldn’t. Instead, given the legal, financial and business issues at stake, we recommend that you work with a team of professionals to help you make the best decisions possible. Read More

Mar
03
2015

Business of Agriculture: 5 Steps in Effective Succession Planning

As agricultural producers start to think about planning for the eventual transition of their operation to the next generation, there are five essential steps that will facilitate a smooth transition and help ensure the financial stability of all involved. Read More

Feb
09
2015

Business of Agriculture: Common Hurdles to Success in Succession Planning

Succession planning is something most farmers and ranchers know they ought to do to protect the agricultural operations they’ve built and to provide for their families. Unfortunately, it’s also a topic rife with emotion and that requires sometimes awkward conversations, so it’s often postponed. Below are five common reasons why a farmer or rancher will put off their succession planning, along with suggestions to resolve these issues. Read More

Dec
01
2014

Business of Agriculture: Transitioning the Farm to the Next Generation

Farms and ranches are valuable enterprises, both for the food they provide and for the equity accrued over time in their assets: land, equipment, facilities and livestock. With 87 percent of America’s farms and ranches family-owned, these assets are often passed to the next generation. This transition process is rife with operational, financial and interpersonal considerations; a comprehensive succession plan is essential to managing the issues effectively. Read More

Nov
13
2014

Ag News Roundup: October 2014

World Food Day on October 16 focused much attention on the role of the 500 million family farmers in feeding and providing food security to the world’s population. One report revealed that 80 percent of the world’s food is raised by family farmers. In a related announcement, the USDA stated that it will be changing its lending policy – expanding eligibility and increasing lending limits - to help more beginning and family farmers. Read More

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