News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
Biden administration wants more total planted acres with a focus on soybeans and wheat. That is the clear conclusion from what the administration is proposing as part of its latest wish list for Congress.
While controversy surrounds sporting events and athletes, AgDay host Clinton Griffiths shares his thoughts on finding common ground.
It wasn’t that long ago the best way to travel cross-country was by train.
What are the key elements of an estate plan? Attorney Polly Dobbs outlines some the documents you should get in place now.
Andrew Mueth explained this was how he and his five brothers could preserve their 160-year-old family legacy. The family raises a wide variety of lettuce using an aquaponic system that was erected in a storage shed.
What regrets do you currently have in regards to leading and managing the growth of your business?
This session covers the steps necessary to give the next generation the best chance at being successful as they traverse from grunt to CEO and many steps in between.
A successful transition of a farm requires business continuity planning, business succession planning, personal financial planning and estate planning. Learn how to make these pieces fit together for your operation.
Newcomer diversified personally as he took over the farm by working as a seed rep, eventually growing seed for companies, selling crop insurance and slowly adding acres along each step.
What makes a good family farm transition? It is difficult to achieve a good farm transition without at least doing well in each of these C’s.
Estate planning laws aren’t different for farmers versus others; however, there are variances, such as vocabulary, emotional ties to land, operation versus land, own versus rent, personal financial statement and deeds.
If you have decided to make succession planning a priority, we want to help you follow-through on that decision.
Here’s a checklist to use when reviewing your trust and will.
With so many components involved, it makes sense to periodically review your buy-sell agreement.
As you develop your estate plan, consider opportunities for charitable giving.
President Barack Obama is proposing a fundamental change in tax policy that would limit what many Americans can leave to their heirs.
While the Christmas dinner table isn’t the place to discuss succession planning, Top Producer Seminar is!
Laws, circumstances and assets change over time. Do your estate planning documents reflect your current goals and wishes?
Farmers Who Gain From Tax Bill Wary of Losing Subsidies Later
For the Gruhlkey family, farming thousands of irrigated acres in two states and eight counties is the easy part.
Indiana farmer finds a non-family heir for his farm business.
Transitioning a business from one generation to another is complicated. Add the complexity of being family owned and operated, and you have an entirely different set of challenges.
Estate planning laws aren’t different for farmers versus others; however, there are variances, such as vocabulary, emotional ties to land, operation versus land, own versus rent, personal financial statement and deeds.
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.
Even though the transfer tax might not happen, it is likely we will see major changes in gift taxes.
Up to $12.06 million can be passed to your loved ones upon death, exempt from federal estate tax. While living, you can also gift $16,000 annually to as many individuals as you’d like. Of course, some exceptions apply.
Married and on the farm? If one spouse dies, make sure the surviving spouse works with an adviser to file IRS Form 706 to benefit from any unused federal gift or estate tax exemption. You could save millions.
Virtually all farm estate outcomes will compromise fairness and farm continuity, perhaps settling for equal dissatisfaction. John Phipps explains why.
I was thinking about all the things I did with my trucks over the years. In the country, everywhere you go there is a string of trucks, side by side with gun racks in the back window.