Before spending, ask yourself if some new tool or capital purchase is a need or a want
And remember — if you are going to use sweat equity you must predetermine the value
What you think you are spending is very likely much lower than the real number
Is it another new fad?
With no kids who want to take on the farm, a low-tax exit strategy is needed
Understand the 4E money strategy and the nine key drivers that affect financial wellness
A farmer discovers a huge tax liability as he plans to transfer the farm to his nephew
Interest rates at historical lows could pose future problems for farmers
Focusing on costs, risks, and your farm’s budget and financial plan
