Succession Planning
If a fire, flood, tornado or other covered disaster strikes your farm or ranch, will you be able to make a list of all of the damaged or destroyed equipment for your insurer?
What Does Your Insurance Policy Actually Cover? Ohio Farmer Shares Tips
Located on the Cheyenne River Sioux Indian Reservation, the DX Ranch and its direct-to-consumer beef operation has a simple mission: Provide beef that is local, nutritious, and that improves their communities.
Splitter Farms in Lyons Kan. was named the 2021 Top Producer Horizon Award winner. Their story is one rooted in education and willingness to listen, a recipe that helped grow the farm to what it is today.
Bill Came is no stranger to reviving resources and making the most of ever acre of land. The Cames are proof that when you make makes sure no stone is left unturned, while focusing on the future, growth comes naturally.
Together with his wife Laurie and sons Scott and Eric, Steve Henry and team have built a sustainable business that now stretches across 10,000 acres in Iowa.
We are starting to see more chatter about assessing a capital gains tax at death (or during life).
Will and Laura run Willow & Co., a well-oiled farming machine squeezing every drop of profit from a shrinking commodity barrel. Pennies and nickels are precious in an anemic market, and the duo adheres to a strict regimen of efficiency, diversification and adjustment. The overall machine is geared for present gain, but the parts are deeply rooted to the past.
Take the Essential Priority Matrix and fill in business or operational tasks in each of the boxes using the following instructions.
You’ve thought about who will run your farm in the future. You may have even identified the next leader. But have you shared those plans and dreams with your team?
With each issue, Top Producer magazine spotlights an innovative farming operation. In 2020, we traveled North, South, East and West—even to Canada.
Bill Engle remembers attending a sale 22 years ago where some old sleighs were being sold. That sparked an interest and today, he has a growing collection with nearly 300 sleighs.
It’s been a bright year for Christmas tree farmers across the country. As more Americans stay home during the pandemic, many revisited traditions, which brought business to Christmas tree farmers this year.
When the Japanese attacked Pearl Harbor in 1941, the five Sullivan brothers of Waterloo pledged to defend the U.S.
What opportunities are you missing out on just because you don’t have the right people on your team?
Cast a big net to build a high-performing team.
Honor the past and keep family memories for the future.
Your farm’s future path might be winding and complex but starting the process can be simple.
Focus on recruitment, references and the interview.
If you want your farm to successfully transition from one generation to the next, you must do better than a vanilla will that says you want to leave everything equally to your children. Don’t assume your children will figure it out when you’re gone. They likely won’t.
Handing over the reins to the family farm can be a difficult process, but it is the ultimate goal of most families to pass on the farm to the next generation.
Plan now for long-term health care needs and costs to protect your farm and assets
Young farmers can be the driving force in succession planning
Sometimes the best way to know where you’re going is to identify where you’ve been.
Louisiana is starting a program to honor farms, ranches and tree farms that have been in the same family for at least 100 years.
I’ve answered questions, responded to requests, proposed solutions and read a lot of great stories. It’s those stories that intrigue me most.
The agricultural community is full of aspiring farmers who dream of an opportunity to work with an experienced person.