Protect Yourself

Protect Yourself

The topic of estate planning is on everyone’s mind, and in most cases, it’s the ghost in the room. No one wants to recognize it out of fear. It doesn’t matter the situation. If you have a farm, a plan needs to be in place, and a plan requires “doing.”Estate Plans are...
Can your corporation own Life Insurance?

Can your corporation own Life Insurance?

Can your corporation own Life Insurance? For the longest time, farms were unincorporated and ran by families. Today, I am seeing a large number of farmers setting their operations up as LLCs, S-Corps, and Corps for both tax and legal reason. It’s a good thing because...
Q & A: Cash Flow or Assets

Q & A: Cash Flow or Assets

What do you think? ​ If assets were your answer then you are thinking like the majority of farmers. You know assets are very important and they are needed as collateral for that bank loan. However, I want you to sit back and think, if you don’t have cash flow how are...