Are you evaluating the feasibility of an expansion, diversification or other addition to your current operation? Perhaps you are starting a new business and would like a business consultant to walk you through a business plan or evaluate what you have already projected. Your consultant will look at your farm’s financials over a four- or five-year period so that together you can assess the business’s trends and use that information to build a usable plan. Your consultant will help you put a monitoring system in place so you have practical advice to help make decisions about the direction of the business.
Estate and retirement planning
Our consultants help you navigate issues related to family gifting and retirement planning through a consensus-building process with your family. Timely estate planning can also help you improve your tax liability dramatically. Developing a plan now will ensure that your business and personal assets remain within the family. Learn more about Estate Planning.
Family business transition consulting
When transferring the family farm from one generation to the next, family members must deal with a maze of business matters, tax implications and emotional issues. Farm Credit East has provided consulting services for many generations of farm business transfers.
Business continuity consulting
Business continuity is critically important when you transfer your farm business to another generation. There are various ways to organize your business, from a sole proprietorship to a corporation, our consultants know how to clarify these options for farmers and their attorneys.
Your Farm Credit East consultant will work with you to monitor the progress of your actual business results against budgeted, planned business metrics and also help you define ways to enhance your business profitability.