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 [...]