Generational Transition Program

 

Practice the “Young Shuffle”

published: Tuesday, July 30, 2019

Progression, not to be confused with perfection, is simply defined as “moving forward or onward,” or better yet, “happening or developing gradually or in stages; proceeding step by step.”

And I wondered, “How many of us stop (or never start) working on ranch transition because the plan lacks perfection?”

When I think of ranch transition, I prefer the definition of progression, where planning and transition is developed gradually in stages.  Step by step.  Broken down into manageable bits and pieces.

I think of the “Young Shuffle.”

Cliff Young, a retired potato farmer, unexpectedly won the 1983 Sydney to Melbourne Ultramarathon at age 61. 

What Does Your Ranch Look Like in 40 Years?

published: Tuesday, July 23, 2019

     My great-great grandparents homesteaded on the tall-grass prairie.  The story goes the grass was so tall, they had to sit in the wagon to see where they were going.  Granted, my ancestors were little, short Europeans, but I often wonder what they saw from that wagon perch, and what visions played in their minds. 

     Could they imagine 250 bushel corn growing in the black earth harvested by machinery bigger than their first home?  What did they see from the wooden seat of the jolting wagon?  Did they see their great-grandson farming the same soil a hundred year later?

    Now I ask you this- Does your estate plan align with your future ranch dream?

The Bully on the Farm

article by Elaine Froese

published: Tuesday, July 16, 2019

So, what happens when spoiled farm children don’t get what they want?  In the worst-case scenarios, adult children can begin acting like spoiled two-year-olds, throwing fits and demanding what they want.  The parents may cave into the spoiled adult children’s actions, allowing the destructive behavior to continue.

Read the summary of Elaine Froese's article “Stop Temper Tantrums from Spoiled Farm Children”. 

First Step: Gather Information

published: Tuesday, July 9, 2019

Many farmers and ranchers do not have a will or a completed estate plan.  The incomplete nature of the legal documents is understandable, as estate and transition planning is “like eating an elephant.”

How do you eat an elephant?  One bite at a time.

Ranchers Share Their Transition Story

published: Wednesday, June 26, 2019

    The Generational Transition workshop combined the knowledge of producers who understand the emotional, financial, and legal considerations of ranch transition, and the legal considerations from an experienced estate planning attorney.  The workshop was held on June 11th at the West Central Research and Extension Center hosted by the Nebraska Grazing Lands Coalition (NGLC) and Nebraska Extension.  A producer panel shared their personal experiences of transitioning, as well as an experienced attorney who shared legal tools to help with families transition to the next generation

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