The House Ways and Means Committee on Sept. 15 advanced a tax package expected to generate roughly $2.1 trillion over 10 years as part of the budget reconciliation that will change how farm and ranch estate taxes are calculated going forward.
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Feeding time in the free stall heifer barns at Brubaker Farms, which is both a diary and green energy producer in Mount Joy, PA on March 19, 2…
In a family business, the word “succession” is often followed by the word “plan.” The idea is that handing off the business is mostly about clarifying the goals, timeline and activities that will result in a successful transition.
What happens when there are no heirs to receive the land or no children to receive the senior generation’s values? I believe the senior generation still has something to offer, although the asset transition strategy is different, and recipients of one’s values include a broader group of people.
The choice to join the company is a point of pride for parents and grandparents, as it represents the continuation of a legacy. But sometimes people join the family business for the wrong reasons, and over time, they and their family members become miserable.
From 2006 to 2009, the share of women in the hired farm workforce decreased slightly, but then climbed from 18.6 percent in 2009 to 25.5 percent in 2018.