Showing posts with label succession planning. Show all posts
Showing posts with label succession planning. Show all posts

New blood ignites ag committee

New members are invigorating an important Federal agricultural committee. The Advisory Committee on Beginning Farmers and Ranchers, charted in 1998, helps pave the way for a continually revived industry.

According to the USDA, the committee is responsible for advising Agriculture Sec. Vilsack as programs are developed that provide coordinated assistance to beginning farmers and ranchers, while maximizing new farming and ranching opportunities. Members will also work to enhance and expand federal-state partnerships to provide financing for beginning farmers and ranchers.

“Beginning farmers are a key to 21st-century agriculture and I look forward to working with this committee to help ensure that,” Vilsack said. “These new agricultural entrepreneurs are the cornerstone to a vibrant rural America and to the future of all of agriculture. I will look to this committee to provide guidance to me as we prepare recommendations for the 2012 Farm bill.”

The committee comprises farmers, which strengthens its ability to effectively enact policies that are beneficial and desirable because of members’ first-hand experience.

The new 19-member committee has eight incumbents and 11 new members. Members serve a two-year term and can be reappointed for up to six consecutive years.

The Center for Rural Affairs states that half of all current farmers are likely to retire in the next decade. U.S. farmers older than 55 control more than half the farmland, while the number of entry-level farmers replacing them has decreased 30 percent since 1987 and now represents only 10 percent of farmers and ranchers.

To keep American agribusiness strong, the committee addresses several issues that inhibit and deter America’s potential young men and women pursing a future in farming and/or ranching:
  • Access to capital and credit
  • Access to land
  • Access to information, training and technical assistance
  • Access to new markets
According to Kathryn Z. Ruhf of the New England Small Farm Institute:

“By 2000, beginning-farmer issues were elevated on the national farm policy agenda. This awareness was heightened by the results of the 1997 Census of Agriculture, which portrayed ever more disturbing trends in the aging of the American farmer and in land ownership and transfer patterns. In response to this heightened awareness, new policy proposals are being generated at the federal, state and grassroots levels to address the full range of barriers faced by next generation farmers and ranchers.”

Several online resources are available to assist beginning farmers and ranchers such as BeginningFarmers.org. Beginning Farmers also has a Facebook page that includes information about grants and loans, finding land, jobs, training programs, business planning, production, marketing, research, publications, events, policy issues and more.

Photo obtained from: agcountry.com




Farm Journal Legacy Project

Succession planning can be very difficult for family farmers because it works to identify and develop family members to fill key roles within the family farm. In short, it ensures that the successors are experienced and capable of taking over the business (family farm).

Families are faced with numerous changes. The old methods of farm business transfers are no longer appropriate. Agriculture today demands a new way of thinking and planning. Just as farmers have adapted to new technology and ideas in the way that they farm, they must also be open to new practical and creative ideas in the way that they plan for and transfer their farms.

“The need for succession education and tools cannot be overstated in its importance to individual farm families of this country and to the long-term viability of the U.S. agricultural system as a whole,” said Andy Webber, president and CEO of Farm Journal Media. “There is nothing more core to sustainability in agriculture than the ability to provide succession to the next generation.”

In May 2008, Farm Journal Media introduced the Farm Journal Legacy Project (The Legacy Project), a concerted, long-term effort to address the succession-planning needs of America's farm families. The Legacy Project, in collaboration with Legacy by Design, uses the strength of 13 media properties to provide succession planning information and services to the agricultural community. The Legacy Project is the single-largest education initiative of its kind in agriculture today.

The overall mission is to cultivate multigenerational success in the agricultural community. The project is to serve as a catalyst for families, helping them to begin the process of succession planning.

The Legacy Project includes an interactive Web site (www.agweb.com/legacyproject/) to help guide farm families through the process of preparing their farm for the future. Some of the features of the Web site include:
  • “Leave a Legacy” Blog
  • Q&A with Kevin Spafford, the author of Legacy By Design: Succession Planning for Agribusiness Owners
  • Events
  • Media coverage
  • Background information
  • Video testimonials
  • Case studies by farm families
Thanks to the multimillion-dollar contribution from Pioneer Hi-Bred International, Farm Journal Media is able to expand upon its original editorial commitment to raise awareness surrounding legacy planning.

“Through Farm Journal Media, we will help to highlight opportunities, provide structure and give growers resources to help them succeed in their succession planning,” said Frank Ross, Pioneer’s vice president and regional director, North America. “More than 80 percent of our customers who are active farmers today want to pass on their operations to the next generation. It is absolutely critical that our customers have good succession planning for American agriculture to succeed and prosper.”

To raise awareness about this significant campaign, coordinators of The Legacy Project have developed several program initiatives, including:
  • Hands-on training workshops with Farm Journal columnist and succession planning expert Kevin Spafford
  • Extensive editorial coverage in Farm Journal, Top Producer and Dairy Today magazines, broadcast coverage on the “AgDay” and “U.S. Farm Report” TV shows and online at AgWeb.com, with case studies and comprehensive coverage
  • An annual special issue of Farm Journal magazine dedicated exclusively to the topic
  • Specific training and tools for farmers at www.FarmJournalLegacyProject.com
  • A monthly Legacy television show
  • A weekly eNewsletter
Farm Journal Media is strongly committed to this project and has offered its expertise, reach and trust in farm country to help farmers take decisive action and to secure the legacy of this generation.

There are also future plans for the project. In the next decade, The Legacy Project will generate full awareness and tirelessly provide inspiration, practical tools and sound advice to underpin the steps to establish and formalize effective succession plans.

Do you have your farm’s future planned? Do you know someone that could use assistance in planning for the future of his/her farm? Will this project help you and your family with succession planning?