Reading Time: 3 minutes Generations of farmers prioritized reinvesting back into the farm instead of creating personal savings. But today’s generation is creating separation between farm and non-farm assets to minimize personal risk, position families for succession planning and increase family harmony. Family harmony and work-life balance Creating personal wealth outside of the farm plays a major role in […] Read more
Creating off-farm revenue
Farmers have historically reinvested their earnings back into the farm. Today’s generation is planning for more
Summer Series: The challenge with family rental agreements
[Land] Family rental agreements are getting big attention in 2024. Just don’t rely on them as the foundation of your succession plan. They’re one piece in the puzzle
Reading Time: 5 minutes Family ties and farming operations have long been intertwined. Indeed, family forms the backbone of many of our agricultural traditions, and today, it is often the reason why navigating farm succession is so complex. In fact, we can say even more. In an important way, family is making succession planning even more difficult in 2024 […] Read more
Summer Series: The family landscape
[Land] The Impact: Rising farmland values mean new farm opportunities, and frequent challenges for family harmony
Reading Time: 5 minutes Once considered among the most traditional, unchanging ways of life, farming today is being transformed. Farmland values are changing the nature of farming and farm business management, and introducing new opportunities and risks. Plus, they are creating challenges for farm families. Land prices are raising new questions about how to direct assets to different siblings, […] Read more
A message from April Stewart, Country Guide's Associate Editor
