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Articles Tagged with ''transition plan''

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Is my case dispute covered?

August 8, 2023
Jack Hebner

Idaho case snapshots using mediation provided in the farm bill include farm transition, farmer-neighbor disputes, credit counseling, asset division in divorce, and many other cases. Maybe it fits yours.


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Why you need to build your personal wealth bubble

Building wealth beyond the farm assets provides flexibility for living expenses and transfer of wealth to non-farm heirs.
July 20, 2023
Elaine Froese

Your personal wealth bubble is having some flexibility in your wealth creation beyond the wealth you are creating in farm assets.


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Create an effective conversation on farm transition

Change is difficult, whether it is a change in business or transitioning the business from one generation to the next. Develop a plan and effectively communicate between parties to avoid a failed transition.
June 28, 2023
Jenn Coyne

Transition talks can be dreadful and pit parties against each other in an effort to find a long-term plan for the farm, but with the right approach, these talks can have an entirely different successful outcome.


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[Podcast] Resources for new dairy farmers and those transitioning into management

June 20, 2023

In this episode, host Kimmi Devaney visits with Charlie Gardner and Emily Barge from the Center for Dairy Excellence in Pennsylvania about their new resources for new and beginning farmers.


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A farm-level view: How technology is propelling Pennsylvania dairy farms forward

Three dairy producers discuss how technology, innovation and diversification have helped them on the farm.
June 12, 2023
Emily Barge

For these three Pennsylvania dairy producers, their stories are each very different but have one commonality: working full-time on their family’s dairy operation wasn’t always their dream.


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Wisdom to mentor the next manager on your farm

Questions to ask and answer when developing a new farm manager.
April 26, 2023
Elaine Froese

As mom to a young successor and wife to a very ambitious, determined, successful seed grower who is wired to get tasks done, I’m seeing firsthand how it can be an interesting journey to graciously let go of control and mentor the next manager of your farm business.


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Don't let tough conversations get in the way of a successful farm transition

Mediators share tips to make discussions about transition planning easier.
April 12, 2023
Laura Hardie

Transitioning the farm to the next generation is a natural process. Yet, it can be challenging to have conversations about what happens next – especially if the current owners and the next generation aren't on the same page.


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Own your future: Answers to some of the toughest succession planning questions

A candid discussion about planning for and going through farm transitions by a panel at a recent conference.
March 3, 2023
Emily Barge

Succession planning is about owning your future and controlling your farm’s destiny. In a recent panel discussion at the “Own Your Future Forum” hosted by the Professional Dairy Managers of Pennsylvania (PDMP) and Center for Dairy Excellence, five panelists from all sectors of the industry had a candid conversation about taking control of the future.


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How to get your non-farm siblings onboard with your farm vision

Financial transparency and open discussion can help keep families and farms together.
February 15, 2023
Elaine Froese

“Help, my siblings want farmland!” is one of my most viewed blogs. Our current reality of higher interest rates and rising land values needs to be addressed early on in your transition conversations.


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Manageable steps to make progress with succession planning this year

Succession planning is a marathon – not a sprint. Families should identify their goals, create a plan and establish a tempo that works for them in order to sustain the momentum needed to reach the finish line.
January 25, 2023
Rena Striegel

Many families make the mistake of jumping into succession planning without a plan. They meet with their professionals, have conversations with family and may even get so far as to begin transitioning ownership of assets, but somewhere along the way, momentum gets lost and the plan stalls.


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