Your farm or ranch transition plan should address your priorities and/or concerns in the areas of business planning, risk management, succession planning, financial independence, and estate planning. Examples of questions you might consider are:

 

 

 

Business Planning 

  • How will the operation grow, diversify, or adapt (e.g., crops, livestock, direct-to-consumer, agri-tourism)?
  • What if commodity prices, input costs, or weather patterns change significantly?

 

 

 

 

Risk Management 

  • How will you protect the business, family, and key people?
  • What if disability, death, or economic shocks occur?

 

 

 

 

Succession Planning 

  • Who will own and operate the farm or ranch in the future?
  • What roles and daily responsibilities must be passed to the next generation or key operators?
  • When should land, equipment, and management control begin transitioning?

 

 

 

 

Financial Independence 

  • How much do you need to sustain your desired lifestyle?
  • When will work become optional for you?

 

 

 

 

Estate Planning 

  • Who should benefit from your estate and in what way?
  • What structures will best align with your legacy goals?
  • How will taxes, liquidity, and control be managed?

 

 

 

We have strong and experienced planning resources within Cetera Wealth Services, LLC and various insurance companies. Among those we are authorized to represent is Nationwide's Land as Your Legacy® program, a team of experts dedicated to the unique transition-planning needs of farmers and ranchers.