Insights CategoryNext Gen Strategy

Could You Ensure Success if You Handed Off Your Business Today?

Is your business ready for a management or leadership transition? If your operations manager resigned tomorrow, would you have a plan – or would you

Biofuels, Food And Beverage, Manufacturing, Next Gen Strategy

Best Practices for Business Owners in 2025 and Beyond

As a business owner, you likely spend most of your days – and many of your nights – thinking about the daily operations of your

Architects & Engineers, Beverage Distribution, Biofuels, Business Valuation, Construction, Equipment Dealers, Family Business Advising, Food And Beverage, Manufacturing, Next Gen Strategy, Not-for-Profits

Is Your Business Ready for Leadership Transition?

Whether your leadership transition is months or years away, there are crucial steps you can take now to prepare for a successful outcome. But successful

Animal Protein, Architects & Engineers, Biofuels, Business Valuation, Commodity Crops, Construction, Equipment Dealers, Family Business Advising, Financial Institutions, Food And Beverage, Manufacturing, Next Gen Strategy, Permanent & Specialty Crops

How the Holidays Can Shape Your Family Legacy

For many of you the stress of harvest season is over and now you enter a new season in family business: the holidays! As if

Accounting, Family Business Advising, Food & Agriculture, Next Gen Strategy, Tax Compliance & Strategy

Use It or Lose It: Lock in Estate Tax Advantages Now

The estate tax exemption doesn’t sunset until the end of 2025. So why worry about it now? Unfortunately, this historically high estate and gift tax

Accounting, Animal Protein, Commodity Crops, Family Business Advising, Food & Agriculture, Food And Beverage, Next Gen Strategy, Permanent & Specialty Crops

3 Ways to Unlock Wealth in Your Privately Held Business

A quick Google search for “how to increase business wealth” will yield thousands of ideas. Some are worth as much as they cost, some promise

Business Valuation, Next Gen Strategy, Strategic Advisory

How to Enjoy the Holidays as a Family Business

By Jeanne Bernick, Certified Family Business Advisor For many of you, the stress of harvest season is over and now you enter a new season

Commodity Crops, Family Business Advising, Food & Agriculture, Next Gen Strategy

The Flip Side of Estate Planning: Why Many Don’t Bother

6 in 10 Americans have a retirement account, while only 1 in 3 have an estate plan. While the majority of Americans see the importance

Accounting, Animal Protein, Commodity Crops, Family Business Advising, Food & Agriculture, Food And Beverage, Next Gen Strategy, Permanent & Specialty Crops

The Risks of Letting Your Legacy Ride: How Estate Planning Protects the Family

Ask any successful family business leader “What is your most important accomplishment?” The overwhelming response is: ‘my legacy’. And yet, only one in six have

Animal Protein, Biofuels, Commodity Crops, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing, Next Gen Strategy, Permanent & Specialty Crops

Test Your Succession Plan

Proactive planning for the long-term future of your business gives it staying power. The surest way to secure the legacy of a business is to

Equipment Dealers, Family Business Advising, Farm Business Management, Manufacturing, Next Gen Strategy

Answering ‘Who Comes Next?’: Key Ways to Avoid Succession Failure

Ten thousand Baby Boomers retire daily. Yet only 21% of organizations report having a formal plan for succession in place. Time and time again, not

Manufacturing, Next Gen Strategy

How the Holidays Can Shape Your Family Legacy

By Jeanne Bernick, Certified Family Business Advisor For many of you the stress of harvest season is over and now you enter a new season

Accounting, Food & Agriculture, Next Gen Strategy, Sustainability

IRS Releases Tax Inflation Adjustments for 2023 Tax Year

While inflation continues to burden Americans with higher prices on what seems like everything, the IRS has released some good news for taxpayers. In October,

Accounting, Next Gen Strategy

A Case for Multi-Generational Farming: The Result of Planning for Change

A multi-generational (six-generation) agriculture business that had been passed down from parents to their three sons engaged a succession planning expert. The three sons were

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

The Changing Dynamics of Land Ownership

Changes in land ownership and the farming workforce are unfolding across U.S. agriculture. Among key drivers, of course, is the aging population of American farmers

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

How to Secure and Update an Estate Plan Ahead of Changes

With the buzz around Washington, D.C. about the looming tax changes ahead, estate planning is on top of the list to have the most potential

Accounting, Next Gen Strategy

Estate Tax Planning: Possible Changes Ahead

No matter what the presidential outcome, there was never any question that the outlook for estate tax planning would be different in 2021. How much

Accounting, Animal Protein, Beverage Distribution, Biofuels, Commodity Crops, Construction, Equipment Dealers, Farm Business Management, Financial Institutions, Food & Agriculture, Food And Beverage, Government & Public Affairs, Manufacturing, Next Gen Strategy, Permanent & Specialty Crops, Strategic Advisory

Why Today is a Good Day to Jumpstart Your Succession Plan

Agricultural businesses have withstood their fair share of COVID disruption – from family life to the workplace. While this has forced financial strain, labor disruptions,

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

5 Tips to Move Ag Business Forward During Economic Disruption

While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the Economic Disruption caused by the COVID-19 pandemic has

Accounting, Animal Protein, Commodity Crops, Farm Business Management, Food & Agriculture, Next Gen Strategy, Peer Group Programs, Permanent & Specialty Crops, Sustainability

As Good As It Gets for Estate Planning: Why Time is Money

While the unsettling times are forcing businesses to rethink strategy, business advisors are steadfast surrounding one key advantage for owners that should not be overlooked:

Next Gen Strategy

Top 3 Regrets of Retired Farmers

In life, there’s an easy way or a hard way to do most things. There are countless examples of this in agriculture, and farmers are

Next Gen Strategy

Joining Forces: How to Survive and Grow with Purpose

“Joining forces with another farm can increase efficiencies or offer opportunities of scale,” advises Maxson Irsik of K·Coe Isom. The Benefits of Mergers, Joint Ventures

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

Why Family Farm Transitions Fail

With most farmers or ranchers spending an average of 50 years or more on their farms – where land is both a lifestyle and legacy

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

Change is Good. Anticipating Change is Better.

When it comes to protecting what matters most for the long term – assuring a legacy, enriching a nest egg – business owners need to

Food & Agriculture, Next Gen Strategy

How Business Owners Can Avoid Costly Mistakes

It’s inevitable. One day, you will step down from running your business. The timing and transition for when and to whom you relinquish control are

Beverage Distribution, Biofuels, Construction, Equipment Dealers, Food And Beverage, Manufacturing, Next Gen Strategy

How to Combat Ag’s Downward Trends

Weak commodity prices and an international trade war have inflicted pain on American agriculture – at a time when U.S. farmers, ranchers and agribusinesses can

Animal Protein, Commodity Crops, Food & Agriculture, Next Gen Strategy, Permanent & Specialty Crops

How to Give ‘$mart’ from Your Heart

As the 2017 tax reform has made extensive changes affecting your income tax returns in 2018, we wanted to take a moment to: explain how

Accounting, Food & Agriculture, Next Gen Strategy

Farm Bill Revival Announced from Senate Committee – What’s It Mean for Farmers?

The Senate Agriculture Committee is moving forward with the 2018 Farm Bill Revival in a reportedly ‘bipartisan’ fashion and has released its draft of the

Commodity Crops, Equipment Dealers, Food & Agriculture, Food And Beverage, Government & Public Affairs, Next Gen Strategy

Winning with Tax Reform – Why You Need to Reevaluate Your Estate Plan in 2018

Exemption for Your Estate Plan is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning:

Accounting, Financial Institutions, Food & Agriculture, Next Gen Strategy

Farm Bill Update

Will the Farm Bill Pass in the House? In a continued effort to secure support for the farm bill, set to expire in September, House

Commodity Crops, Equipment Dealers, Farm Program Services, Food & Agriculture, Food And Beverage, Government & Public Affairs, Next Gen Strategy

Unwind 50-50 Business Partnerships Step by Step for Success

Much has been written about the dangers of 50-50 business partnerships and how to avoid the problems they can bring, but what do you do

Accounting, Next Gen Strategy