Tune in as Rod has a conversation with agribusiness advisor and licensed attorney, Clint Fisher. Discover the ins and outs of starting an off farm business, overcoming financial hurdles, and making the most of your succession planning. He shares his expertise on constructing a plan ensuring the farm legacy proceeds with the succeeding generation. This episode is filled with practical advice whether you are just starting out or have been in the business for 40 years. Let’s go!
Episode 204 Highlights ✨
00:47 Meet Clint ß
02:01 No farm to inherit? No problem!
04:05 Challenges faced by young farmers
05:07 Creative ways to overcome these challenges …
07:47 The Ag adjacent side hustle <<
08:56 Two points to remember <
10:27 Growing Side Business, Transitioning Into Farming
12:49 Advantages of the non-traditional deal <<
14:44 Opportunities for Farmers in Internet Business
15:16 Succession Transition Plans
16:27 A transition succession plan vs. estate plan
18:38 Errors in planning your transition plan for the farm <
19:43 A half-baked plan? Never!
20:30 On fairness, equality, and equitability …
22:52 What if you don't have kids who want to take over the farm?
24:20 Always put protections in place for both parties
26:36 Join Clint’s community
HERE!
27:50 Be a Member and use the code: BETTERWAY
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