Succession Planning
There’s a major misconception when it comes to transitioning the farm. John Phipps kicks off a multi-part series about planning for the next generation in farming on U.S. Farm Report.
Virtually all farm estate outcomes will compromise fairness and farm continuity, perhaps settling for equal dissatisfaction. John Phipps explains why.
“All I could see was his head.": Minnesota Farmer Reflects on Grain Bin Rescue
Effective communication between chemical applicator and farmer is a key element in helping prevent costly and dangerous misapplications.
Lon Frahm creates a culture that’s truly unique, which achieves high employee-retention on the farm. And details are vital to their success of the farm, with investments that continue to sprout efficiency.
A farm’s brand affects everything from input costs to the ability to acquire farmland and employees, says Brett Oelke, a University of Minnesota Extension agricultural business expert.
Succession planning is difficult and time-consuming, but it is also a key step for a business that can grow into the future. Regardless of where you are in the process, you can always take another step.
One of the most overlooked and misunderstood tax laws — available to married farming couples — is an opportunity called portability.
Syngenta has appointed a senior executive to help steer the seeds and pesticides maker’s planned $10 billion flotation, the company said on Friday. Syngenta also announced additional management changes.
Baxter Black was a familiar face on U.S. Farm Report. After joining the show as a regular commentator in 2009, his humor and poetry quickly drew interest from the audience as he became a fan favorite on the show.
How to develop a “Code of Conduct” to guide your interactions with job applicants.
A well-written job description will attract the kind of talent you want to work for you and not those you don’t.
Oftentimes managers are quick to spot the top performers and spend majority of their time with them. But what about the employees who have the potential to become high potentials – aka the B players?
There is no precise model when slicing the estate pie. Attorney Polly Dobbs and CPA Paul Neiffer will dissect these complex decisions.
Masculinity, automation, education and fertility joining forces may seem like a reach, but all are playing a role in defining the future of work. Could it even reach the farm? (HInt: it already has.)
Sarah Frey founded Frey Farms in 1992. Headquartered in Keenes, Ill., Sarah and her four older brothers operate farms and facilities in seven states.
Great supervisors and leaders are rare and, in most cases, have worked very hard to become outstanding. It takes knowledge and, most importantly, practice! Bob Milligan offers several time-tested strategies.
Common goals, trust and open communication feed Pennsylvania operation
Three highly respected growers from Illinois, Iowa, and Oregon offer a string of succession factors for consideration.
When we talk about defining leadership, it looks different from one leader to the next.
There can be huge costs -- monetarily and in human capital -- if you don’t set up the structure of succession well, say Paul Neiffer, with CliftonLarsonAllen, and Rena Striegel, Transition Point Business Advisors.
When a farmer passes an operation to the next generation, the inheritance can be fair, but it is rarely equal.
Leah Halverson’s great grandfather started growing potatoes 80-plus years ago on only 10 acres. Today, her family grows potatoes in 10 states. She encourages other farmers to share their unique stories with consumers.
If you’re short on employees, you’re not alone. New forces are at work, and I don’t see them changing any time soon.
John Phipps’ Ugly Truth about Succession Planning: Unearned Wealth Brings Out the Worst in Everybody
John Phipps’ observation about the attitudes and sentiments of heirs boil down to one main issue, as he says often, the conversation becomes a philosophical, or even religious controversy.
The Faribault Woolen Mill continues to expand their product line and number of retail stores. It is a comeback story with roots in the days just after the Civil War.
I encourage farm leaders to focus less on needs to be filled season-to-season and more on needs in the 24-to-48-month horizon.
Lead your team with a high level of emotional intelligence.
From the Great Resignation to factors that fueled costs for farmers, John Phipps looks back and outlines some of the key lessons learned in 2021.
This winter, dive into these topics. Don’t assume; have the talk.