Milk - General
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.
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.
To stay competitive in the labor market, consider adding an attractive paid time off policy to your farm business to help keep you and employees happy.
Cows have an incredible ability to eat grass grown on land not suitable for much else and to transform it into a nutritious drink that feeds us all, in collaboration with dairy farmers like me.
“Many of Canada’s dairy TRQs remain unfilled, and this represents a tangible loss to New Zealand’s dairy exporters…
During Top Producer Summit, myself and the participants in the “Rockstar Female Farmer and Powerful Leaders Panel” discussed several strategies and tips.
Researchers at St. Michael’s Hospital in Toronto, Canada recently published a study showing kids who eat a vegetarian diet had similar growth and nutrition compared to children who consume meat.
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.
Quick, how do you define growth in your business?