Published Feb 28, 2019
Proper Planning for Farmland Succession
By Practical Farmers of Iowa
Farmland transfer can be a stressful and difficult process without proper consideration and planning. Though every situation is different, early planning and communication in any transfer case can help solve problems before they arise. Join this farminar to hear from a professional planner about what issues need to be considered, and from Stephen and Crystal Riggins about their experience transferring their farm from the previous generation and to the next.
- Andrew Behnkendorf is an investment advisor representative with Central Financial Group, where he works with an array of small business, family farms and individuals to guide them through the many questions of business succession and personal goals. He is a second-generation advisor following in the footsteps of his father, who has been helping families and businesses with succession planning since 1979.
- Stephen and Crystal Riggins are starting a pasture-based cow-calf operation on their family farmland near Cambridge. They have a plan for transferring the farm ownership from Stephen’s mother, and are beginning to think about a plan for when they will transfer ownership to their children.