Succession Planning
From 2020 to 2021, Susan Weaver Ford gained 8,900 neighbors, as the population of her county jumped 4%. “I used to farm fields that now have 40 houses,” she says. “The city is meeting us pretty quick.”
As a young Nebraska farmer, Maggie Holub is in a league of her own. She has a complete, but flexible, succession plan — in writing.
Here’s what farmers should consider with this sometimes complex question.
In farming and in life, success can be defined in endless ways. Five farmers share their perspective.
Follow this strategy to reduce turnover and increase morale on your farm team.
As you look at transitioning leadership and ownership of your farm to the next generation, be ready to tackle entitlement issues.
As the leader, you can make these sessions productive and easy with a few tips.
When you hear of a new record sale of farmland it raises eyebrows — and your farmland’s worth. With this key asset rapidly increasing in value, you need to analyze your estate plan.
More than usual, farm budgets are teetering on the prices of inputs, notably fertilizer. However, another fertility problem is quietly reshaping farm life.
Matt and Lisa Moreland hoped at least one of their sons would return home to farm after college. What they didn’t anticipate? All three sons wanted to come back. Here are four things the family learned in the process.
Little steps can ease frustration and improve communication on your farm.
On a high-tech Georgia dairy farm leading 170 employees, you’ll find a farmer with no dairy in his DNA. Nevertheless, Pete Gelber is a dairy farmer who offers a unique perspective on succession planning.
Whether you’re 35 or 65, things happen. Don’t risk the future of your farm by putting off your succession plan. Get started, make a plan and put it into action.
Our efforts to make our farms ongoing businesses and family legacies will have fewer schedules to emulate.
Life lessons for everyone in our great industry.
Andy Griffith actually grew up in Mt. Airy, North Carolina, but many people refer to it as Mayberry. Today, visiting the North Carolina town is like stepping onto the TV set decades ago.
To boost employee retention, farms need leaders who can effectively inspire and guide others. The job often requires its leaders to possess a handful of characteristics not necessarily used on other areas of the farm.
Plenty of farmers started young, worked hard and found a path forward. Along the way, they learned from mistakes and celebrated successes. Farming is hard, but here’s why those who have taken the road say it’s worth it.
Ron Rabou spent the first 26 years of his life expecting to return to his family ranch. When his dad passed and it came time to transition the farm, negotiations weren’t as easy as he imagined. Here’s what he learned.
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.
As residences in my area turn into stony, weedy spots in cornfields, traffic has slowed to a trickle, making a car passing a pretty big event.
Art Johnson’s farm has been in the family for nearly a century. What was once a tobacco farm in Kernersville, NC, is now a thriving agritourism business that attracts up to 1,000 people each day during the spring.
It may not seem like basketball has a strong connection to agriculture, but from the balls used in the NBA, to the sport itself, agriculture has direct ties to a sport that takes over televisions during March Madness.
As farm shows and meetings portray a crowd that seems to be aging, is there a shortage of young farmers threatening the future of ag? John Phipps explains why an abundance of young farmers may not be on the farm today.
National FFA Week is a celebration of the impact the organization has across the country. To help in the celebration, Andrew McCrea shares this bit of FFA history.
FFA is a nearly limitless opportunity for young people to figure out who they are and what they want to do in life. Here are 10 lessons Farm Journal employees learned through FFA that they use every day.
Easton Corbin is no stranger to agriculture. Growing up in Florida, raising and showing cattle was engrained from the start, as was FFA. The Florida farm kid, instead, attending college majoring in Agriculture Business
Shelly Boshart Davis and Macey Wessels, owners and operators of a custom farming and trucking business in Oregon, are the 2020 Executive Women in Agriculture Trailblazer Award winners.
“Any money saved by not paying a lawyer to draft a will and succession plan, will be outweighed by the expenses associated with a family feud.”
Estate planning is important for all families and business owners, but it is crucial for farm families.