Generational Transition Program

 

FREE LEGAL & FINANCIAL CLINICS IN OCTOBER

Nebraska Rural Response Hotline

published: Monday, September 23, 2019

Free legal and financial clinics are being offered for farmers and ranchers in October. The clinics are one-on-one meetings with an Ag Law Attorney and an Ag Financial counselor. 

These are not group sessions, and they are confidential.  The attorney and financial advisor specialize in legal and financial issues related to farming and ranching, including financial and business planning, transition planning, farm loan programs, debtor/creditor law, debt structure and cash flow, agricultural disaster programs, and other relevant matters.     

To sign up for a clinic or for more information, call the Rural Response Hotline at 1-800-464-0258.  Read more...

Farms Dwindle. How Many Will be Left in One Generation?

published: Tuesday, September 10, 2019

Unprecedented consolidation is on its way.  According to an article in the Successful Farmer (May 2019), only “one out of every four or five commercial operators today” will be farming in the future.  “They (mega-operators) (will be) CEO farmers.”

But this generation has the ability to change this forecast?  How? 

FREE LEGAL & FINANCIAL CLINICS IN SEPTEMBER

Nebraska Rural Response Hotline

published: Tuesday, September 3, 2019

Here is an opportunity to obtain an independent, outside perspective on issues that may be affecting your farm or ranch.  Free legal and financial clinics are being offered for farmers and ranchers. The clinics are one-on-one meetings with an Ag Law Attorney and an Ag Financial counselor.

These are not group sessions, but individual sessions.  And confidential!  The attorney and financial advisor specialize in legal and financial issues related to farming and ranching, including financial and business planning, transition planning, farm loan programs, debtor/creditor law, debt structure and cash flow, agricultural disaster programs, and other relevant matters.  Read the full article for September locations and dates.

Buy-Sell Agreement: A Useful Transition Legal Tool

published: Tuesday, August 27, 2019

A buy-sell agreement can be a useful legal tool when planning your ranch transition.  This agreement addresses what happens when one or more of the owners dies, retires, becomes incapacitated or wants out of the business.  Benefits may extend beyond the business and into family relationships.

What is a buy-sell agreement?  Can a buy-sell agreement benefit your farm or ranch transition plan?

My Sweat, Your Equity

Is Compensation Needed?

published: Monday, August 19, 2019

When physical jobs become a burden, ranchers may look to add the next generation to the operation.  Their enthusiastic energy is welcomed and needed to keep the ranch up and running. 

However, are these young folks being compensated for “their sweat” when it is “your equity”?

Do you think the homeowners flipping houses would invest their time and labor for free into someone else’s home?  No, I think not.  Why do we expect our returning ranchers to invest their labor for free (or almost free) on the ranch? 

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