In the third part of a series on succession planning, Management Minute focuses in on the family
Leverage can provide a measure of risk on your farm. But make sure to consider the value of off-farm investments
When we work with clients, we almost always start by preparing a detailed balance sheet where we establish a fair market value of assets owned and the liabilities owed against them. This winter we met with three brothers that immigrated to Canada many years ago, Bu, Chu, and Fu. All three started farming and met with us to […] Read moreOnce Iben and Shirley Workentoohard realized they didn’t want to retire and sell the farm, taking the next steps to organize their estate was much simpler
Iben and Shirley Worken-toohard called us up again last week. Iben couldn’t wait to fill us in. Shirley had agreed that they would continue farming. They’re enjoying their farming career too much to consider starting to wind down and manage their tax liability as sole proprietors. Iben and Shirley decided that they had worked too hard to establish the farm to […] Read more
Grainews is written for farmers and often by farmers. It is about putting theory into practice on the farm. Each issue also features Cattleman’s Corner for cow-calf producers and farmers with mixed cattle and grain operations.
