Aired: January 2016 While lower prices have many farmers focused on their short-term profitability, succession planning is an important key to ensuring the longevity of their operations. Farmers should aim to balance both of these sides of on-farm finances to maintain profitability in the years ahead. “Many pockets of the ag industry, in commodity crops especially, are tightening their belts right now,” says Paul Neiffer, certified public accountant and business advisor with CliftonLarsonAllen, LLC. “They’re getting ready to file taxes and looking at their financials, making this the perfect time to look more closely at estate planning.” In this [...]
The Illinois Soybean Association (ISA) checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development and utilization efforts while the membership program supports the government relations interests of Illinois soybean farmers at the local, state, and national level, through the Illinois Soybean Growers (ISG). ISA upholds the interests of Illinois soybean producers through promotion, advocacy, and education with the vision of becoming a market leader in sustainable soybean production and profitability.