1. Farm succession planning
In this phase, we'll think about what’s in the best interest of your farm or ranch. We'll give you the tools you need to hold a family meeting so you and the next generation can decide who’ll be running operations in the future.
2. Business planning
We'll examine your operation and evaluate its profitability and health. That way, we can help you determine if the farm can support or grow to support multiple families in the future. Learn about key person benefits.
3. Risk management
You need to identify, address and prepare for risks. And we can help. We'll discuss if you should have a plan in place for long-term care expenses, or if supplemental income or insurance is needed by either generation. Learn about:
4. Financial independence
This phase includes a discussion about the current generation. We'll help you determine if you can afford to retire and perhaps transition to a mentoring role for the next generation. In this scenario, the current generation helps transition agreements and relationships, while the new generation learns the intricacies of farm management. See where your retirement progress stands by using the My Interactive Retirement PlannerSM.
5. Estate planning for farmers
In this last phase, our goal is to have a fully-formed plan in place for you. That way, you can work effectively with an attorney to create any documents you may need, such as business documents or beneficiary designations. Learn the estate planning basics