In rolling cattle pastures in Missouri, in fertile cornfields in Iowa and Illinois, on old homestead farms in Nebraska and Kansas, the Baby Boomer generation remains a major force in American agriculture. This generation — defined as people born between 1946 and 1964 — still farms and owns much of the farmland, or it might […]
30
Dec
Dec
As the end of the year approaches, we close the books on another production year. There are many lessons to be had this year, but none of them greater than “Cash Flow is King.” If you did not learn this in the ’80s, it is a guarantee that your parents or grandparents did. Making mistakes […]
30
Dec
Dec
We all have those friends who like to poke fun at farmers for not paying their fair share in taxes, but I will argue most farmers pay more than their fair share in taxes. I saw this firsthand a few weeks ago when I met Gary, 85 years old, and bless his heart is still actively engaged […]
31
Dec
Dec
Listening and Learning Session: Flex Leases 4-5:30 p.m. For years tenant farmers and landowners have relied on a conversation and a handshake to determine rental rates each year. Fluctuating market prices, fertilizer shortages and a dependence on world events means the price of corn and soybeans may fluctuate wildly year-to-year. Many farmers and landowners are […]
03
May
May
This webinar brought together two succession experts and two Illinois farm families to talk about the big picture of farm succession planning. Together they explained and addressed topics like: (1) why succession planning matters so much; (2) what are common obstacles that keep families from making a plan at all or from making a sound plan that will accomplish all they desire; […]
25
Aug
Aug
Mike Downey of Next Gen Ag Advocates was recently featured on Farm Futures discussing tax law and land rent rates. To answer those questions, join me and associates at Next Gen Ag Advocates and Farm Financial Strategies, Inc., for one or both of the following free sessions: Tax law changes & how you can prepare […]
09
Aug
Aug
Next Gen Ag Advocates’ Mike Downey recently wrote an article for Farm Futures about flexible farm leases. View the full article here.
26
Jul
Jul
Mike Downey of Next Gen Ag Advocates was recently featured in an article from Cover Crop Strategies discussing how to develop mutually agreeable lease terms and the benefits. See the full article here.
16
Nov
Nov
LISBON, Iowa – One of the most daunting problems facing farmers who are looking at retirement is what to do with their businesses if no one in their family is interested in pursuing a career in production agriculture. That problem faced Iowa grain and hog farmer Glen Moeller, so he decided to do something that […]
19
Oct
Oct
Recently Mike Downey and Steve Bohr were featured in the article Passing Down the Farm: Strategies, Ideas, and Real-life Solutions. You can view the full article here: https://www.agriculture.com/farm-management/estate-planning/passing-down-the-farm-strategies-ideas-and-real-life-solutions