Succession Plans
Openly discussing money in farm families is key for smooth transitions and financial literacy, through steps like leading conversations, understanding values, managing debt, analyzing spending, sharing stories and holding family meetings.
Read More
Is it time to walk away? The transition plan breaking point
Transition planning can be messy and heartbreaking. If opening up communication and forging a plan is not possible – even with the help of a third party – it may be time to move on.
Read More
How to get those tough and tender conversations started – part two
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
Read More
Why power of attorney is important
For older farmers, a power of attorney can provide financial protection and peace of mind as they age.
Read More
Why you need to build your personal wealth bubble
Building wealth beyond the farm assets provides flexibility for living expenses and transfer of wealth to non-farm heirs.
Read More
Easy ways to get your wills done
April is wills month, and the perfect time to get farm and family affairs in order.
Read More
Own your future: Answers to some of the toughest succession planning questions
A candid discussion about planning for and going through farm transitions by a panel at a recent conference.
Read More
How to get your non-farm siblings onboard with your farm vision
Financial transparency and open discussion can help keep families and farms together.
Read More
Help! My parents have loads of debt we don’t want
Debt service plans are an important part of the farm transition process.
Read More
Choosing not to farm
Tips for navigating tricky family dynamics, whether you are the child who chose to farm or one who opted for an off-farm career.
Read More