Solutions for Farmers

As a farm owner, you should not only be thinking about the present, but also preparing for the future. Your farmland is not a liquid asset and because of that, settlement problems may arise. The best way to ensure a smooth transition from one farm owner to the next is by estate planning. Essentially this is a framework for the disposition of your assets at the time of death. It will not only protect your land, but will also provide for the needs of your family and may help reduce high inheritance taxes. By creating an estate plan, you can go forward knowing that your farm and your family will always be in good hands.

When it comes to passing on a farm and all that comes with it, farm owners have many important decisions to make. Farmland can be passed on to relatives, employees, outside parties, and even charities. Even after this decision is made, however, many more remain. Succession planning with our team means making these decisions together and making sure your farm has the resources it needs to remain economically sound and continue with the legacy you desire.

Protecting your assets means getting to know you, your values, and your priorities. Asset protection allows us to work with you to prepare for the future, protect your farm and personal assets, and help guide the process of transferring assets to future generations.

Investing in the future requires a lot more consideration than simply what assets you can allocate to a venture. We are sure to take all factors into consideration, such as your personal timetable, risks involved, taxes and more to help you invest smarter.

In order to best help you manage your wealth, we follow a comprehensive process that includes creating a plan, monitoring your plan in action and making changes as needed. This management plan draws from several different areas of finance such as accumulation and retirement income plans, investments in stocks, bonds, and/or mutual funds, insurance products, third-party management and more. By getting to know you and your farming goals, risk tolerances, expected returns and values, we’re able to manage your wealth and make your money work for you.

When a charity or organization matters to you, it also matters to us. We’re here to help support your philanthropy by creating a financial strategy that includes charitable giving in its budget. Our team of professionals can help you make the most informed decisions.

A buy-sell agreement is a legally binding agreement between co-owners of a farm that governs the situation place in the event of one owner’s death or departure from the business, regardless of the circumstances. Essentially, it provides a protected way out of farm ownership if the necessity arises. Our team works with you to employ life insurance to fund a buy-ell agreement, so that the business will not struggle financially even in the case of a co-owner’s death.

A farm is only able to run at its best when all of the employees and owners work together and share common goals. But what happens when a key member of the team passes away or become disabled? That’s where our we can help, by insuring the key person with life and disability insurance that will help compensate the farm owner in the event of a loss. Key-person insurance can help protects the farm from a loss of sales, credit, and workforce. Is there one employee you cannot imagine working without, who contributes invaluable skills and ideas? If so, we can help you protect your farm in the event of this key employee becomes disabled, or passes away.