Farm Succession Planning: Avoiding the Family Farm “Sob Story” | Damian Mason
Ag Entertainment
•
1h 0m
A massive transition is underway in agriculture. Over the next 25 years, more than $1.5 trillion in farm assets will change hands as aging farmers retire and fewer heirs return to the farm. Despite the scale of this shift, 77% of farming operations still lack a will or estate plan.
In this episode, Damian Mason speaks with Shay Foulk and Chris Barron of Ag View Solutions about farm succession planning, estate management, and the difficult conversations necessary to secure the future of family farming. They discuss why many agricultural businesses avoid transition planning and how producers can transform potential family conflict into a structured business strategy.
If agriculture values the family farm, then farm businesses must treat succession planning as a strategic priority. This conversation outlines the steps producers must take to ensure their operation becomes a success story rather than a financial and emotional sob story.
The Business of Agriculture Podcast with Damian Mason is brought to you by:
- Ag View Solutions | https://www.agviewsolutions.com/
- Tidal Grow Agriscience | https://www.tidalgrowag.com/
- Nano-Yield | https://www.nano-yield.com/
Up Next in Ag Entertainment
-
Why U.S. Farmland Values Remain Stron...
U.S. agriculture is in its third year of economic pressure, yet farmland values remain resilient. Why have farm real estate prices not declined alongside commodity margins?
In this episode, Damian Mason speaks with Howard Halderman of Halderman Real Estate & Farm Management about the forces shap...
-
Hard Work and Happy Kids | Dairy Heirs
This isn’t our usual dairy content, but it’s a chore that needed to get done. 🌲💪
Drew and Emmy headed into the woods to clear fallen trees using Drew’s new-to-him diesel John Deere Gator and their Stihl chainsaws to get the job done. At one point the chain slipped off the smaller chainsaw, and t...
-
Saving Big Bucks Rebuilding Old Parts...
Part 2 of the John Deere 1560 Grain Drill Overhaul. While Andy works on replacing parts on the drill, Matt turns his attention to the next shop project, repairing the row cleaners on his planter. After looking at the situation, Matt saves a boatload of money with a little ingenuity repairing ol...
