Today’s Harvest Blog

GenerationNext is a seminar series designed to help emerging agricultural professionals — particularly those in farming, fishing or forest product businesses — develop essential management and business skills. I’ve taught several sessions over the course of my Farm Credit East career, and here’s the value I believe participants gain from GenerationNext. 

As the agricultural industry continues to evolve, the need for skilled and knowledgeable farm managers has never been greater. Farm Credit East's GenerationNext program is designed to meet this demand by offering comprehensive training for young and beginning farmers, as well as those taking on management roles within their ag businesses. GenerationNext provides the tools and knowledge necessary to succeed in modern farm management.

If retirement is on the horizon, the sooner you can start thinking about succession planning, the better. Whether your plan is to transition your business to the next generation or a non-family successor, you should be speaking to a consultant or advisor on how to make it a smooth transition. 

One of the great things about owning or starting your own business is that you determine your business goals and how you want to achieve them. So, what are the business basics that help you remain profitable so you stay on track toward achieving your business goals?