Succession Planning
Understand and weigh your operation’s options.
Build your farm’s future based on its past.
With “Help Wanted” signs everywhere and people leaving the workforce in droves, your previous team management strategies might not work.
Iowa farmer Jim Yenter served his country for a decade. And now the U.S. veteran is a first-generation farmer who’s determined to share his love for farming and the business he’s built with the next generation.
Along with much planning, open communication, hard work and strong values have allowed Steinhurst Dairy to pass the torch from one generation to the next despite a string of grief and mountains of heartache.
A simple acknowledgment of a job well done can pay dividends, in terms of employee engagement and retention.
2021 is known as the “Great Resignation,” says Twyla Stevens, director of human resources at the Carthage System.
“Grit is the tendency to pursue long-term goals with passion and persistence,” explains researcher Angela Duckworth.
Leaders thrive with structure, good communication and clarity regarding the future.
A Canadian by birth, Willard Jack set out on an untraditional path with his dad and brother -- all with a plan to find land of opportunity. In the process, he planted roots of conservation and community.
As Jim Walter, Jamie’s father, searched for a way to bring his son back to the family farm, the seed corn farmers built a brand, turning DeKalb County, Ill., into an area now known for its whiskey.
Think about the tasks and duties that fill your day. Do you continually put some off? Are there ones you just don’t like? If so, it’s time to delegate.
Having a solid financial plan for the future of your family and your farm is not a new idea. However, understanding all the elements of a long-term farm plan and knowing how to start can be challenging.
John Phipps acknowledges the challenges in transition planning from one generation to the next. This week, he shares insights on why no transition will be successful if there is no trust nor respect between generations.
John Phipps says the two questions he gets from younger farmers are 1) How do I get into farming? And 2) How do I get Dad out? John says the topics are not unrelated and gives some insight in Customer Support.
The National FFA Organization announces it has named Scott Stump as its new chief executive officer (CEO), effective Monday, June 21. Stump also takes the leadership role as CEO of the National FFA Foundation.
John Phipps says not including younger generations in a moment to reflect on those who have who gone before and especially who risked much on our behalf, the custom of formal remembrance will slip away.
The fact farming is still a male-dominated occupation places considerable pressure on relationships between fathers and sons. John Phipps explains in John’s World this Father’s Day weekend.
The “Farming the First Generation” series from AgDay and U.S. Farm Report takes a look at those who’ve beat the odds and chosen to make farming a career.
Consider using those slower hours to ponder how your summer and fall can be new and improved.
Learn how to start the conversation, clarify expectations (both yours and theirs) and set healthy boundaries for your heirs within your farm’s transition plan.
CPA Paul Neiffer and attorney Adam Kline will provide an overview of the new rules and provide case study examples of the decisions farmers could face
MN Millennial Farmer has quickly gained social media fame with you YouTube channel with his videos viewed more than 2 million times. Machinery Pete got the story behind the Millennial Farmer brand.
This month marks the start of the 145th year of Farm Journal magazine.
Life as a first-generation is tough, but for Jim Yenter, it’s a life that’s satisfying. Hear how this first-generation farmer ventured back to the farm after leaving it behind.
First-Generation farmer Jesse Daniels is seeing growth in moderation, but it’s a process of appreciation, as the first-generation farmer is focusing on the future instead of living in the past.
Write great job postings to attract top employees.
Few farmers and ranchers enjoy talking about or planning a farm ownership transition. However, due to the COVID-19 pandemic, many have accelerated discussions around farm transition or succession planning.
Terren Moore calls himself a “weekend farmer,” but farming on the side has turned into a field of opportunity. See how this first-generation Texas farmer is continuing to harvest success in agriculture.
Land As Your Legacy – Preparing the farm for retirement