Succession Planning
Farm attorney Matt Folz shares the pros and cons of creating a charitable remainder trust.
What would you tell someone launching their farming career today? A panel of Illinois farmers recently shared some of their successes and setbacks along with a handful of recommendations for young or new farmers.
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.