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Search results for 'Succession Planning'

  • Farm Succession Planning

    By Nationwide Farm Insurance

    Published Mar 20, 2019 

    Understanding Farm Succession Planning Finding time to talk to your family about succession planning for your farm may be difficult... What you should know up front about transitioning your farmUnlike estate plans, which concentrate on tax liabilities and the various ways to lessen the tax burden, succession plans focus on the future of the farm... When you decide to retire, your farm succession plan may include:Transferring or selling ownership to a vested family member... Determine the desired end resultConcentrate on the desired final outcomes of the succession... Are you being pressured to sell by those who don’t share your love of the land?Getting it right the first timeSuccession plans sometimes fail because certain risks were not considered during the planning stages, including:Inadequate cash flowLiquidation of some assets to provide for retirementPoor farm estate planningUnresolved issues between family members or a successor who’s not prepared to lead and manage the farm businessIt’s important to enlist the help of qualified professionals who don’t have a stake in the final decisions...

    Categories: Agribusiness

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    Unsecured Business Loans Defined

    By Future Loans

    Published Nov 1, 2020 

    Before you take out a business loan, you need to understand the difference between secured and unsecured loans so you can choose the best option for your business. The biggest difference between secured loans and unsecured loans is that secured loans require you to pledge collateral and unsecured loans don’t. Unsecured loans are provided based purely on a borrower’s ability to repay. So, if the borrower defaults the lender can sue; however, they won’t have liens against any of the borrower’s property, so they can’t foreclose on and seize any property to get their money back. [Read related article: Unsecured business loans definedBecause unsecured loans aren’t attached to any collateral, they are riskier for lenders...

    Categories: Agribusiness, Farmland and Real Estate, Succession Planning

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    Jodi Hitz United States, IA, Creston

    Business Title: ISU Extension & Outreach-Union
    Job Title: Extension Agent or University Employee
    Interests: Corn, Soybeans, Beef, Feed, Grass-Fed Livestock, Specialty Livestock, Swine, Crop Scouting, Fertility, Soil Health, Ag Commentary, Accounting and Bookkeeping, Farm Management, Farmland and Real Estate, Operating a Farm, Succession Planning

    Jerry Odell United States, SC, Seneca

    Business Title: AgBio Logic, LLC
    Job Title: Other Ag Professional, Manufacturer Biological Biostimulants Products
    About: Co-Founder Agbio Logic, LLC - development of biological biostimulants primarily for corn, soybeans, wheat and grain sorghum.
    Interests: Corn, Sorghum, Soybeans, Wheat, Beef, Crop Protection, Fertility, Soil Health, Sustainable Agriculture, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Operating a Farm, Succession Planning, Taxes, Conservation Easements, Conservation Plans, Cover Crops, NRCS, Hemp, Hunting, Timber

    Medical equipment Loans and Financing

    By REAL BRIDGING

    Published Nov 19 

    Medical equipment Loans and Financing can be a costly undertaking. It is not uncommon to see a single specialty device such as a CT scanner carry a higher price tag than a new house and with new anesthesia machines and surgical tables selling at a higher price than most new cars, your equipment purchase can put significant strain on your healthcare facility’s budget. This financial strain can be particularly challenging to a private practitioner saddled with the responsibility of running a clinic. Fortunately, there is a wealth of funding options available to help equipment purchasers in obtaining capital for medical equipment. A medical equipment finance company is an excellent source of information regarding the various medical equipment funding options available...

    Categories: Succession Planning, Sustainable Agriculture, Taxes

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  • Jodi Hitz United States, IA, Creston

    Business Title: ISU Extension & Outreach-Union
    Job Title: Extension Agent or University Employee
    Interests: Corn, Soybeans, Beef, Feed, Grass-Fed Livestock, Specialty Livestock, Swine, Crop Scouting, Fertility, Soil Health, Ag Commentary, Accounting and Bookkeeping, Farm Management, Farmland and Real Estate, Operating a Farm, Succession Planning

    Jerry Odell United States, SC, Seneca

    Business Title: AgBio Logic, LLC
    Job Title: Other Ag Professional, Manufacturer Biological Biostimulants Products
    About: Co-Founder Agbio Logic, LLC - development of biological biostimulants primarily for corn, soybeans, wheat and grain sorghum.
    Interests: Corn, Sorghum, Soybeans, Wheat, Beef, Crop Protection, Fertility, Soil Health, Sustainable Agriculture, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Operating a Farm, Succession Planning, Taxes, Conservation Easements, Conservation Plans, Cover Crops, NRCS, Hemp, Hunting, Timber

  • BUSINESS LOAN AND PERSONAL LOAN FAST CAS

    Public
    We currently have funds for Financing Real Estate, Project Funding, Bridge Loans, Construction Financing and Ordinary Loans for Company Export/Import Finance. Here are the area of our funding: * Bridging loans * Business Loans * Personal loan * Investment loan * Auto loan * Construction loans * Debt Consolidation * Credit line * Lend Lease * Second mortgage * Credit Redemption * Project Financing * Mortgage Contact Our Customer Care: EMAIL: :bullsindia187@gmail.com (CALL/WHATS APP) :+918130061433 Our services... Guaranteed 100%
    Interest: Ag Commentary, Marketing, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes

    Financing

    Public
    A starting point to assist young and upcoming farmers with financial know how
    Interest: Agribusiness, Farm Management, Succession Planning

    #SoilMatters

    Public
    Soil and everything in it is the focus here. Crop Nutritionists and CCAs know that growing a crop is more than planting, watering and applying fertilizer. It requires testing, planning, monitoring and adjusting the plan as needed.
    Interest: Corn, Wheat, Vegetables, Cover Crops, Ag Policy, Precision Agriculture, Organic Row Crops, Irrigation, Agribusiness

  • Farm Succession Planning

    By Nationwide Farm Insurance

    Published Mar 20, 2019 

    Understanding Farm Succession Planning Finding time to talk to your family about succession planning for your farm may be difficult... What you should know up front about transitioning your farmUnlike estate plans, which concentrate on tax liabilities and the various ways to lessen the tax burden, succession plans focus on the future of the farm... When you decide to retire, your farm succession plan may include:Transferring or selling ownership to a vested family member... Determine the desired end resultConcentrate on the desired final outcomes of the succession... Are you being pressured to sell by those who don’t share your love of the land?Getting it right the first timeSuccession plans sometimes fail because certain risks were not considered during the planning stages, including:Inadequate cash flowLiquidation of some assets to provide for retirementPoor farm estate planningUnresolved issues between family members or a successor who’s not prepared to lead and manage the farm businessIt’s important to enlist the help of qualified professionals who don’t have a stake in the final decisions...

    Categories: Agribusiness

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    Unsecured Business Loans Defined

    By Future Loans

    Published Nov 1, 2020 

    Before you take out a business loan, you need to understand the difference between secured and unsecured loans so you can choose the best option for your business. The biggest difference between secured loans and unsecured loans is that secured loans require you to pledge collateral and unsecured loans don’t. Unsecured loans are provided based purely on a borrower’s ability to repay. So, if the borrower defaults the lender can sue; however, they won’t have liens against any of the borrower’s property, so they can’t foreclose on and seize any property to get their money back. [Read related article: Unsecured business loans definedBecause unsecured loans aren’t attached to any collateral, they are riskier for lenders...

    Categories: Agribusiness, Farmland and Real Estate, Succession Planning

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    Medical equipment Loans and Financing

    By REAL BRIDGING

    Published Nov 19 

    Medical equipment Loans and Financing can be a costly undertaking. It is not uncommon to see a single specialty device such as a CT scanner carry a higher price tag than a new house and with new anesthesia machines and surgical tables selling at a higher price than most new cars, your equipment purchase can put significant strain on your healthcare facility’s budget. This financial strain can be particularly challenging to a private practitioner saddled with the responsibility of running a clinic. Fortunately, there is a wealth of funding options available to help equipment purchasers in obtaining capital for medical equipment. A medical equipment finance company is an excellent source of information regarding the various medical equipment funding options available...

    Categories: Succession Planning, Sustainable Agriculture, Taxes

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    How Debt Consolidation Loan Work and How to Secure it.

    By REAL BRIDGING

    Published Nov 10 

    Getting a debt consolidation loan requires a few steps: prequalifying, choosing your loan terms, finalizing your application and closing. 1. Prequalify. Prequalifying uses a soft credit check to produce a rate quote, which will estimate the minimum loan amount you’re approved for and the interest rate. 2...

    Categories: Agribusiness, Succession Planning, Taxes

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    BUSINESS LOAN AND PERSONAL LOANS

    By BUSINESS LOAN AND PERSONAL LOAN FAST CAS

    Published Oct 20 

    DO YOU NEED A FINANCIAL HELP? ARE YOU IN ANY FINANCIAL CRISIS OR DO YOU NEED FUNDS TO START UP YOUR OWN BUSINESS? DO YOU NEED FUNDS TO SETTLE YOUR DEBT OR PAY OFF YOUR BILLS OR START A GOOD BUSINESS? DO YOU HAVE A LOW CREDIT SCORE AND YOU ARE FINDING IT HARD TO OBTAIN CAPITAL SERVICES FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTES? HERE IS YOUR CHANCE TO OBTAIN FINANCIAL SERVICES FROM OUR COMPANY. WE OFFER THE FOLLOWING FINANCE TO INDIVIDUALS- *COMMERCIAL FINANCE*PERSONAL FINANCE*BUSINESS FINANCE*CONSTRUCTION FINANCE*BUSINESS FINANCE AND MANY MORE:FOR MORE DETAILS. CONTACT ME VIA. Contact Our Customer Care:EMAIL: :bullsindia187@gmail. com(CALL/WHATS APP) :+918130061433 Our services...

    Categories: Succession Planning

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    Looming Tax Changes Potentially Catastrophic for Farm Families

    By North American Ag

    Published Sep 15 

    WASHINGTON September 14, 2021 - Tax changes would be potentially catastrophic for farm families, and it’s an issue that affects every American. National Cattlemen's Beef Association Senior Executive Director of Government Affairs Danielle Beck talks to Chrissy Wozniak about the developments. Last week NCBA released a letter to House Ways and Means and Senate Finance Committee urging them to consider the implications that changes to federal tax policy will have on family-owned agricultural businesses. Nearly 330 trade associations representing family-owned food, agriculture and related businesses agree that, when drafting legislation to implement President Biden's Build Back Better agenda, it is critical that the “American Families Plan” must also support family farms and ranches. “Congress must consider the complex structure of family-owned agricultural businesses that serve as the backbone of rural economies; therefore, understand how changes to long-standing provisions in the tax code could be detrimental to the financial viability of these businesses as they transfer to the next generation,” said Senior Executive Director of Government Affairs Danielle Beck...

    Categories: Ag Policy, Farmland and Real Estate, Succession Planning

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    Farm Financial Risks

    By Nationwide Farm Insurance

    Published Jun 21, 2019 

    Farm financial planning for the agriculture community At Nationwide, we understand those who work in agriculture... We can help you better understand these risks – and provide farm financial planning tips to help you manage them... Learn more about long-term care…Manage your farm or ranch’s succession planEnsuring your farm or ranch is passed to the next generation takes planning – but it doesn't have to be difficult. By taking the time to develop a succession plan, you'll ensure that your wishes are met and emotional stress is minimized. Learn more about succession planning…1 “How Much Care Will You Need? U...

    Categories: Agribusiness

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    1031 Exchanges and Farm Land: 5 Things that Landowners Need to Know

    By Tyler Davis

    Published Aug 2, 2019 

    A 1031 Exchange is a tax-deferred swap program in which farmers and others in the agriculture industry can participate. Farmland, vacant land, and certain agriculture assets are considered real estate assets under the Internal Revenue Code. As much, farmers and others are able to utilize Internal Revenue Code (IRC) Section 1031 in order to defer tax upon the disposition of farmland and acquisition of a “like-kind” piece of property. Section 1031 exchanges, which originally began in the 1920’s, have seen numerous tweaks and changes over the years to get us to the rules that are in place today... The tax benefits of a 1031 Exchange are substantial and can be used as part of a Succession Plan...

    Categories: Ag Policy, Agribusiness

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    The Tax Benefits of Conservation Easements

    By Tyler Davis

    Published Oct 6, 2019 

    Conservation easements have grown in popularity in recent years, partly due to the impactful tax benefits available to the donor. A conservation easement is a restriction on the use of land, voluntarily granted by the landowner to a conservation organization or to a government sponsored entity. The general rule for permanent conservation easement donations is that the property owner can take a charitable contribution tax deduction on their return for the difference in the fair market value of the land before the conservation easement and after the conservation easement. Currently, the donor can take a conservation easement charitable deduction of up to 50% of their taxable income in a given year. Should the value of the conservation easement charitable deduction exceed this taxable income threshold in the first year (because of lower than expected earnings or simply because of the size of the deduction), the taxpayer can use the remaining deduction over a fifteen-year carryforward period (no carryback is allowed and the same 50% taxable income limit applies during the carryforward period)...

    Categories: Ag Policy, Agribusiness

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    21st Century American Ag: Sourcing Successors and Finding Farmland

    By Gregory Heilers

    Published Jul 26, 2018 

    It’s no secret that America’s farmers are aging... forest succession)... ” “That farmers routinely leave their property to farm-despising kids is probably one of the biggest travesties of modern succession plans. ” - Joel Salatin, Polyface Farms Planning for the Farm’s Future In Jason’s work with Land for Good, he’s found there are a few options for farmers who wish to remain on the land they’ve stewarded for a lifetime, while helping younger farmers establish themselves... Let your child love the plaid, and still avoid the pressurePlanning for your farm’s succession is yet another important item on the never-ending to do list...

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  • Are you applying for PPP (Payroll Protection Program)

    By Anonymous Member

    Published Apr 10, 2020 

    If you are a farmer, are you planning on applying for the Payroll Protection Program through the SBA? Why or why not?

    Categories: Agribusiness

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  • Posted By Nationwide Farm Insurance
    Mar 20, 2019 

    https://agfuse.com/article/farm-succession-planning
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    Posted By Farm Finance and Management
    Nov 25, 2020 

    https://canoladigest.ca/november-2020/how-to-start-the-succession-planning-conversation/
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    https://news.okstate.edu/articles/agriculture/2021/brus_farm_succession_planning.html

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    https://www.aces.edu/blog/topics/farming/succession-planning-important-for-farm-operations/

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    Posted By Farm Finance and Management
    Oct 15, 2020 

    https://www.agriculture.com/farm-management/estate-planning/tips-on-designing-a-farm-succession-plan
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    https://www.farmprogress.com/farm-succession/time-value-sweat-equity-farm
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    Posted By Farm Finance and Management
    Dec 12, 2020 

    https://www.agweek.com/opinion/columns/6776033-What-farm-estate-planning-resources-are-available

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    Posted By Farm Finance and Management
    Oct 9, 2020 

    "No one wants to think about it, but sometimes farm succession plans need contingency plans in case things don't work out the way you expected."
    https://www.agweek.com/opinion/columns/6683100-What-happens-if-a-farming-heir-dies-first
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    https://www.agriculture.com/farm-management/estate-planning/farm-couple-with-multiple-heirs-think-several-generations-ahead

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    https://www.agriculture.com/farm-management/estate-planning/how-do-you-set-farm-heirs-up-to-lead-if-they-lack-respect-from-the

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