Farm Succession

Setting strategic direction for the farm paints a clearer picture of the kind of people you’ll need going forward.

Farm & Family: Designating separate trust shares for farming and non-farming children helps protect property.

Some contend retirees should stay in the ‘pasture.’ Profit Planner panelist Glenn Rogers adds his thoughts on the best business fit for a retiring farmer.

Agrivision: Talk to a tax professional before deciding to sell any assets.

Crucial conversations can only happen when strong emotions are under control.

Your version of success means taking your own path in life.

Profit Planner: Panel tackles retiring farmer roles — succession planner, chairman, partner, consultant, truck driver, bookkeeper, golden years ‘milker.’

Country Counsel: Power of attorney document gives your designated agent the authority to manage assets and financial affairs.

Farm & Family: Minnesota’s estate tax exclusion has increased, yet it is still less than the federal estate tax exemption.

A new generation sees superior management skills as key to successful business expansion.