Showing articles tagged with "Succession Planning". Show all posts.
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
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
Research has told us what many already know: American farmers are getting older. According to the the most recent data Ag Census data, the average age of U.S. farm operators rose from 55 in 2002 to 57 in 2007. There has been a 20 percent increase in the number of operators 75 years and older, and a 30 decrease in the number of operators under 25 years of age. Read More
Father's Day: a time to celebrate dads, grandpas and great grandpas everywhere, especially our customers who work side-by-side with the next generation to keep their family farms thriving, and in the family. No doubt, some days are tough, but those able to work with family are a very lucky group. Read More