Retirement - Articles - Page 2

Manageable steps to make progress with succession planning this year

Succession planning is a marathon – not a sprint. Families should identify their goals, create a plan and establish a tempo that works for them in order to sustain the momentum needed to reach the finish line.

January 25, 2023

Rena Striegel

Many families make the mistake of jumping into succession planning without a plan. They meet with their professionals, have conversations with family and may even get so far as to begin transitioning ownership of assets, but somewhere along the way, momentum gets lost and the plan stalls.

Are you setting clear expectations?

Setting clear expectations is very important to keep everyone on track and to avoid situations that can derail the team and may end up affecting your succession plan.

October 18, 2022

Rena Striegel

Setting clear expectations is very important to keep everyone on track and to avoid situations that can derail the team and may end up affecting your succession plan.

Retirement tax strategy: Establish a charitable remainder trust

May 26, 2022

Robert Moore

Most farmers do a great job of managing their taxable income. They buy inputs or machinery to offset the current year’s income and defer income into next year. This strategy works well, but it catches up to the retiring farmer.

What’s after dairying? Create a flexible and purposeful retirement plan

April 19, 2022

Emily Barge

When it comes to cattle, genetics and crops, dairy producers excel at planning ahead. However, creating a plan for retirement and succession doesn’t always come as naturally.

Letting go of old stuff

December 24, 2021

Don Tyler

A few years ago, on Christmas Day, I had been out in the woodshop early in the morning finishing up some last-minute gifts. For those of you thinking I’m a procrastinator, I’m not.

Live the life you love as an aging farmer

December 2, 2021

Elaine Froese

This summer, I met Nell Smith, age 80, the author of Retire to the Life You Love: Practical Tools For Designing Your Meaningful Future.

Your role as family patriarch

September 28, 2021

Don Tyler

One of the richest blessings a family business could have is a patriarch or matriarch (I’ll use patriarch for both roles for simplicity in this article) who has moved out of their day-to-day leadership role yet is still available to share their unique wisdom when the need occurs.

Living will: Making sure your wishes are followed

December 31, 2020

Andy Overbay

I find myself writing this article in a place no one wants to be – by my dear 90-year-old mom’s hospital bed. It is Saturday, and the last time she recognized me was Thursday morning.

How to start the succession planning conversation

December 1, 2020

Elaine Froese

Farm families are stuck when it comes to getting everyone to the kitchen table to talk about timelines for transition of labour, management and ownership of the farm.

Do you have a flight plan?

January 24, 2020

Tiffany Lashmet

What on earth is a flight plan, and why do farmers and ranchers need one? The name is derived from the song “I’ll fly away.” You know the one … “I’ll fly away, oh glory, I’ll fly away. When I die, hallelujah, by and by, I’ll fly away.”

Articles Tagged with ''retirement''

Manageable steps to make progress with succession planning this year

Are you setting clear expectations?

Retirement tax strategy: Establish a charitable remainder trust

What’s after dairying? Create a flexible and purposeful retirement plan

Letting go of old stuff

Live the life you love as an aging farmer

Your role as family patriarch

Living will: Making sure your wishes are followed

How to start the succession planning conversation

Do you have a flight plan?

2024 has laid the groundwork for a promising new year in U.S. dairy exports

Grazing leases, fencelines and handshakes

Winter-proof your farm tires: Essential tips for the cold season

FREE NEWSLETTERS

SUBSCRIBE to Leading Industry Magazines

I'm looking for ________

[Podcast] Canadian beef production with Chad Ross, and water issues for alfalfa with Dan Putnam

[Podcast] Best of 2024: Top articles, podcast episodes, dairy news stories of the year