Succession Planning
One mile from home, our world shattered. We survived the wreckage, but it made one thing clear: Stop pushing pause and finalize your farm succession plan today. Your legacy depends on it.
Consolidation risk is not limited to smaller operations. Succession gaps, management transitions and strategic exits are driving consolidation regardless of size.
From cyberattacks to succession, top producers share how they turned high-stakes crises into strategic growth. Discover how balancing data with values and peer relationships can transform agricultural risk.
Some ag lenders are helping young producers and beginning farmers develop stronger financial skills so they can make more informed business decisions on the farm and reduce risk.
No one wants their family business to look like the Dutton family’s in Yellowstone. Todd Wiley’s innovative succession planning instrument is designed to avoid unnecessary drama and position his four children for success in the family pork operation.
Ancient Greek philosophers viewed resources as abundant, not scarce, so economic action was judged not by the accumulation of wealth but by whether it enabled and served a praiseworthy end.
You might be surprised that one of the greatest desires people have before they die doesn’t involve money, fame or achievement. But it does require intentionality, sacrifice and hard work.
People often think they can figure out their estate plan later – when they are older, richer, sicker, free from debt and the list goes on. Expert Polly Dobbs says you should have a plan in place that fits today’s circumstances.
Taxes shouldn’t drive a farm’s succession and estate plan, says Polly Dobbs, an estate planning and wealth transfer specialist. She shares what farmers need to know about changes made in the One Big Beautiful Bill.
Transitions of any kind are hard — but farmland might be one of the toughest, says Steve Bohr of Farm Financial Strategies.
Strong succession is driven by leaders who are willing to plan boldly, act decisively and invest in their next generation. Your family and your operation are counting on you.
Growing up as the sixth generation on the Maschhoff’s family farm, Josh Maschhoff opens up about the next-generation transitions and challenges in pork production.
Attorney Robert Moore shares tips regarding long-term care and strategies to make sure farmers and ranchers don’t lose the farm when faced with associated costs.
Increased activism has forced the U.S. pork industry to play defense. NPPC President Duane Stateler firmly believe the industry is on the right side of these issues, so he strives to meet them head-on.
No matter the succession strategy, all producers have one similar goal: minimize or eliminate estate tax burden.
On the cusp of the 1980s farm crisis, Mark Hanna’s rookie years of farming were tough. Through relentless effort to pay down debt while investing in improvements to his operation, Hanna’s career has been one of perseverance and success, making him a 2025 Top Producer of the Year finalist.
Among the secretary’s first public appearances since being confirmed last week, the fireside chat on Tuesday, Feb. 18, will cover key topics driving the future of agriculture.
What keeps a family farming operation going strong for more than 100 years?
Which stories caught the most attention in 2024? Here’s a look back at the top 10 stories on PorkBusiness.com in 2024.
There are challenges that come with the process, but also hidden opportunities that can help the rising generation build for the future.
Before he went to kindergarten, Joel Huber was already the topic of conversation among farmers in Wellman, Iowa.
Who should attend? If any of these four challenges sound familiar, The DIRTT Project aims to help you and provide clarity.
Sam Beveridge joins the Ag Inspo podcast to share how your best contribution to the farm may be untraditional.
Working on a succession plan for your operation? Here are a few key points to keep in mind.
The good news is there are legal devices to do whatever a farmer wants to do. The key is using the right mechanisms for the relationship piece.
There’s a serious lack of communication between generations, and procrastination and conflict avoidance are killing agriculture, says Elaine Froese, a farm family transition expert.
How are you showing up on the farm? Do your actions meet up with your goals? Rena Striegel, a farm succession planning consultant, encourages the next generation of on-farm leaders to do some self-reflection.