Category Archives: Estate Plannning

Buy In Or Buy Out

If the kids want to be in business, they should make a business-like decision to buy in. Skin in the game is the best motivator of all. — jtl, 419 Dave Pratt via Ranching for Profit Blog In response to … Continue reading

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Family Ranching Series Part 4: 10 ways to sabotage family estate transfer plans

 Do you know that a recent survey shows that 58% of farm and ranch families list not having an estate plan in place as the biggest threat to their operation? The final installment of Amanda Radke’s Family Ranching Series lists … Continue reading

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5 questions ranch families should ask before adding the next generation to the business

Ranching is a family business, but it isn’t always easy being in business with multiple generations and in-laws. Here are five questions ranching families should ask before inviting another generation into the business. Something comes to mind that (I seem … Continue reading

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The Family Business or Businesses?

by Dave Pratt via Ranching for Profit Blog Many of us hope and fear that the next generation will want to be part of the family business. We hope because we feel validated that we must have done something right … Continue reading

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10 Resources for Ranching With Multiple Generations

by Amanda Radke in BEEF Daily Do you work with multiple generations on your ranch? Here are 10 resources to help you manage your family business better. Ranching is a family affair. 97% of farms are family-owned and operated, and many of those … Continue reading

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Farm Estate and Succession Planning

By: Andrew Zenk via Legacy Project Federal Estate Tax: What Is It? How Is It Calculated? The federal estate tax is set “permanently” for $5,000,000 per person, indexed each year for inflation. “Permanently” means that it is not set to automatically … Continue reading

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10 Estate Planning Tips; PLUS: How One Farmer Gifted His Estate

Being the land rich and cash poor makes succession one of the most important things the ranching industry need to address. — jtl by Amanda Radke in BEEF Daily Here are 10 tips to get your succession planning on the right track. … Continue reading

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Profitable Ranching Necessitates Both Mental And Physical Work

If you attempt to do planned grazing, creating a strategic plan is the most important step. With a strategic plan, you can even get by with approaching the remainder of the program half-heartedly and still achieve some degree of success. Without … Continue reading

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Perhaps The Best Investment For Surviving The Coming Dollar Collapse

With emerging economies moving towards a high meat diet, increasing livestock demand, and biofuels diverting crops from food use to energy crops, it doesn’t take a degree in calculus to see why arable farmland is attractive.  Every day there are … Continue reading

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Waiting To Dance

by Dave Pratt via Ranching for Profit Blog At the Ranching For Profit School we teach a four step strategic planning process to help business owners create a shared vision for their ranch and a plan to achieve it. It … Continue reading

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