Legacy Planning
As 2025 kicks off, many managers are in the midst of financial projections and resource planning. Mark Faust says you need to ensure three key areas of strategy have been addressed before implementing tactics crosses your mind.
Exit planning is more than just preparing to walk away from the business.
Since Lance Dobson’s return to the family farm, he’s added cattle, cereal rye for forage and a seed dealership. “Whether it’s exercising or farming, hopefully diversification in our day will yield results that improve our longevity,” he says.
These family-owned operations are taking control of their futures, one grain at a time
FSA says these changes will increase opportunities for farmers and ranchers to be financially viable.
In 2022, when Alex Harrell cut his land base in half, yield instantly became even more crucial. Little did he know, the next year he’d break the soybean record. Drones play a big role in his high-management approach.
Edgewood Locker got its start in rural northeast Iowa in 1966. The business now spans over three generations, and it’s largely thanks to Joan Kerns who helped start the family business that’s now seen phenomenal growth.
Fractal pairs farmers wanting to expand their operations with hands-off investors who recognize the value of farmland.
Legacy Farmland Trust offers landowners a way to preserve and protect their assets for generations to come.
With Republicans now in control of the House, Rep. RandyFeenstra (R-Iowa) said he wants to introduce legislation shielding the stepped-up basis and like-kind exchanges.
Several Senators sent a letter to the IRS urging changes to various grantor trust rules. They believe the IRS has the authority to make these changes. We shall see.