Legal agreements are important, but rarely used on the farm. In this episode, we explore why you need them, which ones to consider and why a handshake is not enough.
The first step on your pathway to farm transition is being prepared. Here’s some advice on how to get started.
There are many factors that impact a senior partners’ ability to retire from the farm. In Episode 1, we look at questions to answer and the roles transitioning to retirement.
Understanding the farm business value is useful for more than just sale situations. Financial experts say both general assessments and more in-depth business valuations are practical in multiple ways, including developing tax and transition plans.
Are you operating a family-first business or a business-first family? Family business consultant Jolene Brown breaks down these concepts and why it’s important to know the difference.
In this episode, we look at how to build a business relationship between junior and senior partners that’s proactive, professional and respects both sides.
Parents are often hesitant about dividing estate assets fairly between farm and non-farming children. In this episode, we look at ways to achieve this while keeping the farm stable.
Proactive business planning requires more than one annual visit to the accountant.
Dennis Solonenko was determined to empower his sons and have them ready to run their farming operation.
A key step in farm transition is understanding the finances of the farm operation and people involved. Answer these questions to help form a clear picture of your current situation and desired financial vision.