Home / Family / Women in Ag / Women in Agriculture Archive

Women in Agriculture Archive

Agriculture.com Staff 01/10/2006 @ 11:00pm

After 30 years of consulting with family businesses and farms, Don Jonovic knows a thing or two about the challenges of succeeding in family-owned operations. His new book, Ag-Planner/IV is designed to help family farm business members and advisers identify and answer key questions in planning for a successful operation.

"Women produce more than 80% of the food cultivated in Africa," says Florence Wambugu, Africa Harvest Biotech Foundation International. "No solution to world hunger can ignore this vital role. But the lives of more than 6 billion malnourished people around the world may depend on an expanded role for women in the agricultural policy-making of developing countries."

There is nothing more certain than death, taxes, and a lack of communication about farm transition and estate planning. Cheryl Tevis explains the difference between an estate plan and a succession plan, and offers first steps for getting your ducks in a row.

When 61-year-old dairy farmer Al Gehrke had a heart attack, he knew it was time to make estate planning a priority. "A farm is a living, breathing thing. If it moves from one generation to the next, it has to move unencumbered," he says. "We can't use up liquid assets and split it if one doesn't farm. We don't want the business strapped for cash. We may pay a price for not doing more sooner, or our boys may."

As a rule, parents want to treat their children equally. If the daughter inherits Grandma's jewelry, the son inherits Grandpa's tools. Even Steven. For many farm families, though, the largest and possibly only asset is the farm itself. How can it possibly be divided among multiple children, especially when some want to continue farming and some don't? Read advice on whether to divide the farm or keep it together, the difference between equal and fair, and how life insurance can help keep everybody happy.

After 30 years of consulting with family businesses and farms, Don Jonovic knows a thing or two about the challenges of succeeding in family-owned operations. His new book, Ag-Planner/IV is designed to help family farm business members and advisers identify and answer key questions in planning for a successful operation.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Farm and ranch risk management resources By: 07/07/2010 @ 9:10am Government resources USDA Risk Management Agency Download free insurance program and…

Major types of crop insurance policies By: 07/07/2010 @ 9:10am Crop insurance for major field crops comes in two types: yield-based coverage that pays an…

Marketing 101 - Are options the right tool… By: 07/07/2010 @ 9:10am "If you are looking for a low risk way to protect yourself against prices moving either higher or…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]