Articles tagged under: succession planning
Fair, Not Equal
Published December 10, 2022
When it comes to succession planning, Oliver County Extension Agent Rick Schmidt encouraged landowners to start the communication process early. "I think it's important that when you start, you identify which individual will be leading. What really makes planning successful,…Preparing the Next Generation
Published December 10, 2022
North Dakota State University Extension and North Dakota Farmers Union partnered on a farm successing planning workshop in Bismarck. "Anytime you hand down property to keep a farm going, there's going to be a lot of planning involved," explained Tyler…TransFARMation: Taking Time for a Farm Transition
Published September 16, 2019
One of the most stressful situations for farm families is the transition of passing that farm from one generation to the next. Russ Tweiten focuses on succession planning for AgCountry Farm Credit Services. It can be difficult to hand over…Rural Perspectives: Episode 17
Published July 1, 2019
There are more farmers exiting the business because of the challenging farm economy. In episode 17 of Rural Perspectives, AgCountry Farm Credit Services Vice President of Succession and Retirement Planning Russ Tweiten says exit strategies are different for everyone. Good…Striking the Right Balance in Succession Planning
Published December 27, 2018
In order to pass the farm or ranch on to the next generation, special planning is required. Dobbs Legal Group attorney and owner Polly Dobbs says the first step is striking the right balance. "That way the plan feels fair.…Fairness in Farm Succession Planning
Published September 5, 2018
For farm succession planning, fairness may need a new definition. Manitoba-based farm family coach Elaine Froese sees the fairness issue as a hurdle in farm transitions. "Where is it written that you as a parent and as a farmer are…