Knowledge Center Blog

Welcome to the Farm Credit Knowledge Center Blog!  This blog is a combination of posts from industry experts, Knowledge Center staff and guest contributors covering all aspects of agriculture and life in the country.  We want you to participate in this blog, sharing your thoughts and comments about the topics posted here.

Posts

Tying Up Loose Ends

As New Year’s Day approaches, hopefully you are facing a slow-down in your typical hectic work schedule on the farm.  There’s not as much work to do with your crops; you’re probably between breeding and calving/lambing seasons; and, okay, you dairy farmers just keep on keeping on.  Bless all of you for providing the rest of us with food, fiber, energy, and entertainment!

While there’s no argument that you deserve a break this time of year, I would like to give you a few pieces of advice that will make your life easier (and hopefully better) in the upcoming year:
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Transition Planning - Using the Team Approach

Do you have a “go-to person” for advice?  Children often rely on their parents or grandparents for advice.  Adults often rely on certain friends.  My students, well, they rely on Wikipedia, Google, or YouTube.  Farmers often rely on their accountant for advice – about everything related to the business. 
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Uncle Al's Big Picture Transition Plannng Process

Last month I made a bunch of sarcastic (and not so sarcastic) comments to get you thinking about your future and your family’s future.  Hopefully you’ve started thinking that transition planning might be worth the effort.  A little bit of planning might help preserve your family farm or business, and more importantly, it might keep your family together.  So what’s the next step?
 
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The Future of Your Farm & Family - Are You Planning For It?

I speak to a lot of groups about a lot of topics.  These days the most common topic that agricultural groups ask me to address is transition planning – how can/should they bring the next generation into the farm business?  Transition planning is a process for determining how to transfer ownership of assets and management responsibilities to the next generation.  It’s one of those topics that most families know is crucial for the future of the family, but they just never get around to doing it.  I don’t need to remind you of the reasons why, but I will.
 
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Tools for Beginning Farmers - Decision Making

Let's face it, beginning a farm or agribusiness is tough.  There are many different factors to consider, and it can be costly.   Fortunately there are resources available that can help.  We'll be sharing some different resources periodically on this blog.  This week, we'd like to share a great resource from North Carolina's Cooperative Extension on Decision Making.
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