Producers and landowners may be putting off transition given the constricting ag economy. However, according to farm financial analyst, Duane Hund, there’s no time like the present to plan for succession, “Now is as good a time as any to sit down with your family and examine what you want for the future. Human resources and the knowledge and skills they bring to tough situations, may be just what you need to make the operation endure.” In his work around the state, Hund sees many producers looking for an exit plan or figuring out ways to phase in the next generation so the operation can support multiple owners. “Establishing a plan now and revisiting it during the years to come can make all the difference in preserving the legacy your family worked hard to build.” Continue reading “Workshop Series to Focus on Succession Planning in a Challenging Farm Economy”
Tag: estate planning
Her AgriCULTURE Story: Change, Adapt, Grow
Women increasingly represent central roles in the agricultural heritage that builds and sustains communities throughout the world. According to the 2012 Census of Agriculture, they are the principal operators of 6,783 farms in Kansas, and there are 25,611 total women farm operators in the state. With consideration for the many important roles women have in agriculture, leaders from various ag organizations established the Women Managing the Farm Conference to encourage women to come together and develop the knowledge and skills needed for success in a competitive agricultural environment.
Continue reading “Her AgriCULTURE Story: Change, Adapt, Grow”