Root Agricultural Advisory’s Post

Have you ever considered the importance of discussing the future of your family farm? Looking for advice on how to broach the subject of succession planning with your family members? Well you've come to the right place! 📍 Start with reviewing or creating a farming partnership agreement. WBD's Caroline Pellow explains all ▶️ https://ow.ly/WS2230sH724

New from Tim Bupp, Shareholder and Chair of the Estate Planning practice group: Estate Planning for Farm Families Part 3: Economic Tools for the Farm Estate Plan. A good estate plan for a farm family needs to recognize and take advantage of the various tools available for protecting the farm operation and aiding farm family succession. Our Commonwealth has recognized the importance of farming to our communities, and has created a number of beneficial programs that can aid family farmers to continue the farming operation into the next generation. This article describes only a few of those beneficial programs. Continue reading by clicking here https://lnkd.in/eGdq3P33......

In honor of National Farmers Day, I'm sharing 8 essential business & life lessons that I've learned from our farmer partners... 1. Your word is your bond. 2. It's about the handshake, not the contract. 3. Have zero tolerance for bullshit. 4. Don't complain about the weather (or anything else you cannot control). 5. In fact, stop whining and just do the work. 6. Life is all about family, this generation and the next. 7. Your purpose may require profit, but don't make profit your purpose. 8. Develop strength, toughness, and grit but don't lose the tender touch that can still handle seedlings. I'm so grateful for the lessons I've learned (and continue to learn) in partnership with American family famers. Happy Farmers Day to our farmer partners and all of the hardworking family farmers across the world. https://lnkd.in/eD4V7eHA #nationalfarmersday #familyfarmers #americanfarmers #farmerowned #lifelessons #businesslessons

From struggle to success: Ram's story is a testament to the power of determination and modern tools. With #BonhoefferMachines, every farmer can overcome challenges and thrive. #EmpoweringFarmers #TransformingLives #UnderdogStory #ModernFarming #FarmLife #SuccessStory

Having grown up on a farm, harvest season is something that brings back "all the feels." The sense of accomplishment, the late nights in the combine, baling or hauling grain are fond memories for me. My parents sold their farming operation in the late 1990's and farm succession planning wasn't something they were presented or thought of. Take a look at this photo that I took last night. The combines are off in the horizon, quite a distance from where I was. It leads me to ask, "do you have a farm succession plan in place, even if it's years down the road?" Don't leave planning to the last minute. Work with your team of professional advisors Westoba Credit Union to start the conversation. #financialplanning #farmsuccession #agribusiness

Transforming Complexity into Simplicity: The Michael Family's Journey with Thorntons The Michael family, broadacre farmers in Western Australia's Mid-West, faced complex business structures and a challenging succession process. With Thorntons' expertise, they streamlined operations, managed succession planning, and strengthened their business strategy. Corrina Michael shared, “Thorntons exceeded our expectations, simplifying complex processes and offering proactive, accessible support.” Discover how Thorntons transformed their farming operation by reading the full case study. https://hubs.la/Q02N6M3q0 #Agribusiness #SuccessionPlanning #WesternAustralia

Connecting with global thought leaders in the Agri-space is so valuable and to learn from the best.

A Will is not a succession plan and 'fair' and 'equal' are not the same thing. We work with our farming clients to help them achieve their goals, and not only that, but to achieve family harmony. #westobafinancialsolutions #westobacreditunion

This is such an amazing initiative. I keep getting invites to talk about the challenges of sustainable food chains with like minded professionals. Whilst they have value, the most value comes from talking to and engaging with those with power to change our system like Andrew and the farmers that fuel the food system. Not only do they need more airtime at events but the boardrooms need to don wellies and see what feeds their businesses and our bellies. Well done Future Food Movement for getting those important voices heard. #changemanagement #supplychain #farmers #sustainablefoodsystems #sustainability #esg

Have you ever wondered how family farms can survive for generations? Hear from industry expert Matt Boos as he shares his insider strategies for successfully transitioning your multi-generational farming business. In this episode, you'll learn how to seamlessly pass the torch to the next generation, manage personality conflicts and communication issues, and leverage peer communities to support your growth. Catch this episode here 👉 https://heyor.ca/h7t76M #FamilyFarmLegacy #NextGenFarmers #FarmTransition #SustainableFarming #FamilyBusinessStrategy