150th Anniversary State of the Industry report is designed to provide a benchmark of information to help producers make successful decisions.
New Resource: See the U.S. Roundtable for Sustainable Beef Grazing Management Plan Development Module. The majority of ranchers have a grazing plan in their heads that evolves as they evaluate their pastures in real time. But having a baseline management strategy on paper can help extract the full value of your experience and the full […]
Estate planning is the process of accumulating, preserving and distributing assets to achieve your financial goals during your lifetime, as well as to provide for your heirs according to your wishes at death. As such, estate planning is not a one-time event. Instead, it is an ongoing process designed to accomplish accumulation, preservation and distribution […]
Transferring the farm business from one generation to the next can take several years. This is due, in part, to the large amount of capital involved, explain Gary Hachfeld, former extension educator; David Bau, extension educator, and C. Robert Holcomb, extension educator, University of Minnesota Extension. This time of transfer can also be used to share knowledge, […]
Farming together requires good communication, mutual respect and trust. It is necessary for everyone to be willing to give and take. This is probably the most stressful part of farming, explain Gary Hachfeld, former extension educator; David Bau, extension educator, and C. Robert Holcomb, extension educator, University of Minnesota Extension. While this is not impossible, farmers should […]
When you begin discussions on what transitioning your ranch might look like, the U.S. Roundtable for Sustainable Beef recommends you and your children answer each of these questions to help better shape your planning decisions and the future of your operation. Questions to Ask Parents: Questions to Ask Children: In this video, Elaine Froese, farm […]
Estate planning is a process that is often avoided because it deals with issues regarding people, property, laws and taxes – issues that family members may not be ready to think about. But planning an estate can benefit every agricultural family. The process of creating a plan reduces the stress and uncertainty of not talking […]