Farm Credit East’s Customer Appreciation Meetings provided an opportunity for CEO Lipinski to reflect on his tenure, a chance for members to hear from their Board of Directors and introduced attendees to incoming CEO Mike Reynolds. Read some of the highlights from this year’s meeting.
Remember back in high school when you were “interested” in someone and you had the feeling that they were also interested in you? Should you make the first move or should you wait for them to do so? Starting a conversation about farm transition planning is in many ways comparable.
Farm transition planning is a topic that every ag business owner/operator will have to face. How many principal operators are addressing this transition in a timely, proactive manner? Unfortunately, too many put it off till “someday”. Jon Jaffe, Farm Credit East Business Consultant, discusses five hurdles of planning a transition for an ag business.
Estate and succession planning is a topic that is too often put off. But the cost to putting it off can be huge, and it puts the future of your family’s farm legacy at stake! To avoid an unexpected financial burden, let’s identify the hurdles that stand in the way of getting started and five key steps to getting a plan in motion.