Succession Planning
A new country song is hitting home for farm families, showing what it’s like to keep a farm in the family through four generations.
One mile from home, our world shattered. We survived the wreckage, but it made one thing clear: Stop pushing pause and finalize your farm succession plan today. Your legacy depends on it.
Consolidation risk is not limited to smaller operations. Succession gaps, management transitions and strategic exits are driving consolidation regardless of size.
When Lydia Carpenter and her husband built a relationship with a senior producer, it led to the opportunity for a non-family business transition.
From cyberattacks to succession, top producers share how they turned high-stakes crises into strategic growth. Discover how balancing data with values and peer relationships can transform agricultural risk.
No one wants their family business to look like the Dutton family’s in Yellowstone. Todd Wiley’s innovative succession planning instrument is designed to avoid unnecessary drama and position his four children for success in the family pork operation.
Ancient Greek philosophers viewed resources as abundant, not scarce, so economic action was judged not by the accumulation of wealth but by whether it enabled and served a praiseworthy end.
People often think they can figure out their estate plan later – when they are older, richer, sicker, free from debt and the list goes on. Expert Polly Dobbs says you should have a plan in place that fits today’s circumstances.
Taxes shouldn’t drive a farm’s succession and estate plan, says Polly Dobbs, an estate planning and wealth transfer specialist. She shares what farmers need to know about changes made in the One Big Beautiful Bill.
Understanding stress and risk in production agriculture.
While 69% of farmers expect to transfer their operation to the next generation of family members, too many are misplacing their time and efforts, according to The Williams Group. The company offers 5 recommendations that can help farmers and other business owners course correct.
It’s not too early to start planning. In fact, Tiffany Lashmet advises Beef Improvement Federation Young Producer Conference attendees it’s time to think about an estate plan once you’re 18.
Alan Hojer shares tools to help ranch families turn tension into trust and pass the reins with purpose.
Transitions of any kind are hard — but farmland might be one of the toughest, says Steve Bohr of Farm Financial Strategies.
Strong succession is driven by leaders who are willing to plan boldly, act decisively and invest in their next generation. Your family and your operation are counting on you.
Drovers partners with The Future of Beef Show team to explore the innovations, strategies and success stories shaping the next generation of beef production with agriculture audiences.
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.
Creating clarity through questions and aligning expectations isn’t just about setting business goals — it’s rooted in strengthening family relationships.
Attorney Robert Moore shares tips regarding long-term care and strategies to make sure farmers and ranchers don’t lose the farm when faced with associated costs.
No matter the succession strategy, all producers have one similar goal: minimize or eliminate estate tax burden.
Consider a trial period or pre-agreement before starting the farm transfer process.
Communication is needed to bring families together for these major decisions.
Among the secretary’s first public appearances since being confirmed last week, the fireside chat on Tuesday, Feb. 18, will cover key topics driving the future of agriculture.
There are challenges that come with the process, but also hidden opportunities that can help the rising generation build for the future.
Who should attend? If any of these four challenges sound familiar, The DIRTT Project aims to help you and provide clarity.
Sam Beveridge joins the Ag Inspo podcast to share how your best contribution to the farm may be untraditional.
Based on the Drovers State of the Industry survey, the majority of producers agree or strongly agree that environmental impact, animal welfare, sustainable practices and desire of high-quality beef will be increasingly important.