Succession Planning
The 2017 Tax Act temporarily raises estate tax exemption, impacting farm estates. If it expires, large farms with gross cash income between $1M and $5M would see the largest increase, rising from 2.8% to 7.3%.
We’re in a predictable period of a well-established supply and demand cycle. Yet there is a different potential crisis looming for the beef cattle industry.
Are leaders made or born? “Some people are more naturally disposed to being leaders, but it doesn’t mean they’re good at it. To be a really good leader, you’re made into one through intention and exposure,” she says.
Use the topics and tools included in The DIRTT Project to jump-start the succession planning process for your operation whether you are just beginning or need to get on track.
This month’s Rural Mainstreet Index marks the fifth-straight month where the index has been below the growth neutral mark.
This Wisconsin farmer and sole proprietor of Crane Grain Farms credits his success to his employees and innovation.
What’s the most challenging thing about running a legacy brand? “The biggest challenge is being pigeonholed. Everyone expects us to recreate the past, but the future doesn’t look like what we were,” Lamar says.
Grounded by his family but propelled by vision, Trey Wasserburger is the energetic force behind creating more processing capacity for local cattle producers.
As Mary Pat Sass’ social media shows glimpses of life from the seat of the tractor, it’s not the view she envisioned for her life even a decade ago. But through humor and candor, she’s now an inspiration to others.