#RightRisk #RiskInAg #AgRiskMgt
LEGACY, TRANSITION, AND ESTATE PLANNING can be difficult subjects to address, especially in agriculture.
If you are new to agriculture or just getting started, this topic is probably the last thing on your mind. Our recommendation is: Do not neglect it, however difficult it may be to address. Farming and ranching are dangerous businesses and the last thing you want to do is leave your family scrambling should the unthinkable happen. Owning a farm or ranch is often a lifetime proposition; passing it on to the next generation takes effective planning and forethought.
#RightRisk #RiskInAg #AgRiskMgt
FOR THOSE JUST STARTING OUT in production agriculture, dealing with the unexpected can be a big challenge.
Unexpected challenges come in all shapes and sizes: Machinery breaks down, weather doesn’t cooperate, livestock get sick, employees have issues and countless other unexpected events occur. Dealing with unexpected challenges or risks that may arise, in whatever form they take, can be much easier with a risk management plan in place.
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