Legacy Planning
How do you know when it’s time to start transitioning your operation to the next generation? Rena Striegel, president of Transition Point Business Partners, says to aim for a decade.
At the age of 18, Dalton Dilldine faced the circumstances of his father’s passing: he could continue the family’s farm, start his own entity or go to college. The type of guy who would choose “all of the above” to a multiple choice question, he did all three.
Joe Morgan, CEO of Poky Feeders based in Scott City, Kan., was inducted into the 2025 Cattle Feeders Hall of Fame during the Cattle Convention in San Antonio, Texas, this year.
Rebecca Sip shares about the challenges she’s faced navigating a gradual generational transition of their family farm, the importance of continual learning and the role of humility each and every day.
As you do your tax planning at year-end, be sure to review any assets you have held for at least a year to determine if your taxable income remains in the 15% tax bracket.
Since Lance Dobson’s return to the family farm, he’s added cattle, cereal rye for forage and a seed dealership. “Whether it’s exercising or farming, hopefully diversification in our day will yield results that improve our longevity,” he says.
Working on a succession plan for your operation? Here are a few key points to keep in mind.
These family-owned operations are taking control of their futures, one grain at a time
FSA says these changes will increase opportunities for farmers and ranchers to be financially viable.