Category Archives: Next Generation

Making Succession Planning a Success for your Family Farm

Listening and Learning Session: Flex Leases 4-5:30 p.m. For years tenant farmers and landowners have relied on a conversation and a handshake to determine rental rates each year. Fluctuating market prices, fertilizer shortages and a dependence on world events means the price of corn and soybeans may fluctuate wildly year-to-year. Many farmers and landowners are […]

Making Succession Planning a Success for your Family Farm

This webinar brought together two succession experts and two Illinois farm families to talk about the big picture of farm succession planning. Together they explained and addressed topics like: (1) why succession planning matters so much; (2) what are common obstacles that keep families from making a plan at all or from making a sound plan that will accomplish all they desire; […]

5 Reasons for Modernizing the Farm Leasing Industry

By Mike Downey, Land, Lease & Farm Succession Consultant It is estimated 70% of family farms will change hands over the next 15 years.  Many of these will transition to a generation that didn’t grow up on the farm or operate it themselves.  This will place a greater emphasis on landlord-tenant relationships in the future, […]

“Land Rich Dirt Poor” | What does it mean to be Rich?

By Mike Downey, Land, Lease & Farm Succession Consultant In the article, “Inheritance is a gift, not a right”, we quoted a retiring farmer saying “We are land rich but dirt poor.”  This was his assessment after review of he and his wife’s estate after 50 years of farming and building a respectable land base. […]

Matching & Mentoring the Next Generation – 1 Landowner, 1 Producer & 1 Farm at a time

By Steve Bohr & Mike Downey, Next Generation Ag Advocates Many of us have stories and memories of our Dad or Grandpa’s Farmall M they began their farming careers with which are now their old Farmall M’s.  Our grandfathers’ generation had an opportunity that many of us may never – the ability to start and […]