Category Archives: Succession planning

Legislation Reintroduced to Congress to Kill the Death Tax

“The Death Tax is a direct threat to our state’s number one economic driver,” Daines stated. “Montana family farms — many of which have been passed down from generation to generation crumble under the weight of this federal theft.” It never ceases to amaze me … Continue reading

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Poll shows less than half of BEEF readers have a succession plan

by Amanda Radke in BEEF Daily   This week’s poll on beefmagazine.com asks, “Do you have a succession plan in place?” With an estimated 400 million acres to change hands in the next 20 years, having a plan for your … Continue reading

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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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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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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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Nothing Sucks Like Succession

by Dave Pratt via Ranching for Profit Blog You know how difficult it was to have that talk with your kids about the facts of life? There is a talk that you need to have with your family that is … Continue reading

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