succession planning

Transitioning a farm from one generation to the next has been challenging for a variety of reasons since the profession started. But farms that fail to plan for the future often fail in a variety of ways. To help make that transition from the current generation to the next a bit easier, the Washington state Farm Bureau is working with a new program call ”Coming Home to Farm”, to promote an open

The American Farm Bureau Federation continues to remind lawmakers, and the general population that proposals to eliminate stepped-up basis would have devastating consequences to farmers and ranchers. Farm Bureau member Mike Brundige, a 4th generation farmer from Tennessee, said eliminating the stepped-up basis would prevent him from passing his farm on to the 5th generation ...

As the average age of the American farmer continues to increase, what’s being done to transition farmland to the next generation? Ashlee Westerhold, economist with the University of Idaho Extension, said it’s vital that today’s farmer understands if children or grandchildren are interested in returning to the farm and running day-to-day operations. She noted, rega ...

Retiring farmers using auctions as part of the succession plan have several things to do in preparation. Auctioneer, Mark Stock, said when setting the time and date of the auction, be sure to give enough prep time for everyone involved, both on the seller side and potential buyer ...

More and more retiring farmers going are the auction route as part of their succession and transition plans. But as Rod Bain points out, farmers that look at the auction route have several things to consider and prepare for prior to sale day ...

It may be an uncomfortable topic, but one more and more farmers need to have. Succession planning. What happens to the farm after the current generation no longer wants to, or can no longer perform the day to day operation? Dick Wittman of Wittman Consulting in north central Idaho said the first step to proper succession planning is to reevaluate the definition of success ...

Dick Wittman is an Ag consultant in north Central Idaho. He says with the average age of the American farmer at 58, and getting older, there is a Tsunami on the horizon; what happens after those farmers retire or pass away. Wittman said farmers do a great job planning for crops, harvest, budgets, but when it comes to succession planning, many are lacking ...

We hear a lot about generational stereotypes, but people-skills pro Rodd Welker of the Eagle Advisor Group said we can get past those by sharing stories that build common ground.             If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com...

Jake Carpenter explains why it's important for business owners to have an exit strategy.         If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com...

Jake Carpenter explains why it's important for business owners to have an exit strategy.         If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com