Succession Planning
Along with much planning, open communication, hard work and strong values have allowed Steinhurst Dairy to pass the torch from one generation to the next despite a string of grief and mountains of heartache.
“Grit is the tendency to pursue long-term goals with passion and persistence,” explains researcher Angela Duckworth.
John Phipps acknowledges the challenges in transition planning from one generation to the next. This week, he shares insights on why no transition will be successful if there is no trust nor respect between generations.
Learn how to start the conversation, clarify expectations (both yours and theirs) and set healthy boundaries for your heirs within your farm’s transition plan.
Paul Neiffer says the most drastic part of the STEP Act is it applies to all transfers after Dec. 31, 2020.
CPA Paul Neiffer and attorney Adam Kline will provide an overview of the new rules and provide case study examples of the decisions farmers could face
This month marks the start of the 145th year of Farm Journal magazine.
Land As Your Legacy – Preparing the farm for retirement
What Does Your Insurance Policy Actually Cover? Ohio Farmer Shares Tips
We are starting to see more chatter about assessing a capital gains tax at death (or during life).