Succession Planning

When discussing farm succession with families, a crucial question to address initially is, “Do the numbers work?” It is common for clients who have worked on a succession plan to overlook the importance of “running the numbers.” Prior to finalizing any buy/sell or will/trust structures, it is of utmost importance to perform a thorough analysis of the financial aspects. Just as farm owners wouldn’t acquire equipment or lease additional acreage without carefully assessing the numbers, the same principle should be applied to estate planning. Through Unity Financial and Unity Farm Estate Services, LLC, A3 will provide access to their one of a kind farm transfer app. This app serves as a valuable starting point when engaging with your attorneys, accountants, and financial planning advisors to determine if your farm can handle the farm buyouts within your family.

40% of the nation’s farmland is owned by farmers 65 and older.

As these farmers retire over the next 20 years, it is expected that around 350 million acres of farmland will change hands.

Are you Prepared?

Farmers are the oldest workforce in the country. According to the last United States Department of Agriculture (USDA) Census of Agriculture, the median age of a farmer is 57.5 years. This is more than two years older than any other job. Farming for generations was considered a family calling, but today one-third of farmers and ranchers are over the age of 65 and their children are less likely to continue the tradition.

The American Agribusiness Association presents Kai-Zen sponsored by strategic partner Unity Financial.

Kai-Zen is a strategy that helps you maintain your current lifestyle in the event of a chronic illness, premature death, or an inability to sufficiently save for retirement.  Protecting your earnings is critical to insuring your ability to save for retirement. Due to limitations, traditional retirement plans are typically insufficient for high-income earners. If you want to maintain your lifestyle in retirement, you need a proactive strategy that puts more money toward protecting your future income without putting a drain on your current finances.

Kai-Zen is the ONLY strategy that uses leverage to help you acquire more of the benefits you need to financially protect you and your family. Its unique fusion of financing and life insurance offers you more protections and the potential to earn more for retirement than you could obtain without leverage.

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