Podcasts about transition planning

In this engaging conversation, Kristin Demoranville and Tracy discuss their favorite food memories, the journey into beef farming, and the challenges faced by modern farmers. They delve into the impact of media on public perceptions of agriculture, the importance of succession planning, and the critical role of cybersecurity in the farming industry. The emotional toll of farming, the disconnect between consumers and farmers, and the need for community support are also explored, highlighting the complexities of the agricultural landscape. Conversation Time Stamps 00:00 Food Memories and Favorites 03:01 Introduction to Tracy and Her Journey 07:10 The Reality of Farming and Media 12:27 Challenges in Agriculture and Misconceptions 21:01 The Future of Farming and Land Development 25:18 The Challenge of Family Farm Succession 27:05 Navigating Land Pressure and Climate Change 28:55 Kristin's Journey into Cybersecurity and Agriculture 32:42 Understanding Cybersecurity in Agriculture 36:28 Real-World Cybersecurity Threats in Farming 41:30 The Mental Toll of Farming and Cybersecurity 44:32 The Reality of Cybersecurity for Independent Farmers 51:08 Agroterrorism and the Threat to Farms 57:32 Understanding Cyber Vulnerabilities in Agriculture 01:01:44 The Real Impact of Cyber Attacks on Farms 01:06:49 The Emotional Toll of Cybersecurity Breaches 01:11:56 Bridging the Gap Between Agriculture and Cybersecurity 01:17:55 The Importance of Food Security and Cyber Protection Thanks for tuning in, Tracy FREE Resource: Tracy shares a new free tool for listeners eager to learn more about transition planning. https://www.farmmarketer.com/impact_farming_show/free_resources =================================

In this week's episode, Tracy is rounding out her series of solo episodes reflecting on and weaving together the insights shared by so many incredible voices in agriculture. With so many great conversations, Tracy wanted to take a moment to pause, gather the main points and pull them together in several easy to consume episodes for the audience. After hosting a wide range of thoughtful guest conversations, she's hitting pause to highlight the key takeaways—bringing them together in a few focused, easy-to-digest episodes designed just for you. Young farmers today are navigating a complex landscape, and when it comes to succession and transition planning, they have a mix of practical, emotional, and economic concerns. Here are some of the big ones on their minds: 0:00 - Introduction 6:02 - Uncertainty around ownership and decision-making power 11:38 - Lack of clear farm transition plans 12:29 - Financial viability and debt in farming 13:21 - Generational farmer differences in vision 16:16 - Off-farm heirs and family dynamics 18:19 - Legal and tax complexities for farm succession and farm transition planning 18:45 - Access to land for first-generation farmers 22:42 - Emotional tension and communication gaps in farm family communication 27:00 - Clarity is kindness. Communicate your intention to farming children 29:20 - If we want to keep the farm going, why aren't we making transition planning a priority? 34:00 - Need resources? Make sure to download our FREE Transition Planning Resource Guide ebook

Ever feel like traditional transition plans for teens are more of a burden than a benefit? In this episode, Dr. Tim Thayne and Roxanne Thayne introduce a groundbreaking shift in approach that promises to change the game. Imagine a world where teens take the reins of their own transition plans when they come home from treatment, supported by the innovative Trustyy app. This isn't just a tweak—it's a transformation.Dr. Thayne shares his excitement about this new method, highlighting the pitfalls of parent-driven plans that often unravel soon after a teen returns home. With Trustyy, teens are empowered to design their own paths, fostering a sense of ownership and responsibility. The app's "My Path" feature guides them through setting goals and tackling obstacles, turning resistance into engagement.But what about parents? They transition from plan creators to supportive consultants, offering guidance without overshadowing their teen's autonomy. This episode is packed with real-world examples and actionable advice, ensuring you walk away with a fresh perspective on family dynamics.Join us as we explore how this approach can redefine long-term outcomes for families. Whether you're a parent, educator, or just curious, this episode is your invitation to witness a revolution in teen transition planning. Don't miss the chance to be part of this exciting journey—share the podcast and consider joining Trustyy's founding member offer.

In this week's episode, Tracy chats with Tom Hickey from Farm Lending Canada about "Hobby Farm Mortgages."  Until recently, there has been a significant gap in mortgage options between residential homes and agricultural lending, leaving those wanting to buy their dream hobby farm without a suitable mortgage.  Are you thinking of purchasing your ideal country property? Are you a lender or mortgage broker? If so, you won't want to miss this episode. Key Topics Discussed: [0:00] - Show topic and guest introductions. [1:33] - What qualifies as a hobby farm?  [3:23] - How many acres are allowed under the hobby farm program?  [4:30] - What types of income documentation are required for hobby farm lending?  [5:49] - How is a Hobby Farm Mortgage different than a residential loan? Tom gives a great explanation of the difference between a traditional lending institution versus a Hobby Farm Mortgage through Farm Lending Canada. [13:24] - Can/must the borrower live on the property?  [14:46] - Is agricultural income considered in the application?  [16:11] - What kind of zoning is acceptable for a hobby farm mortgage?  [17:52] - Are there limits on outbuildings, animals, or farm activity?  [18:50] - Who is the ideal client for the hobby farm product?  [20:05] - Closing Notes and how people can learn more about Hobby Farm Mortgages Tune in for this insightful discussion with Tom as he shares how Farm Lending Canada is helping Canadians achieve their dream of living in rural areas with hobby farm mortgages tailored to provide the right financing for their goals. Thanks for tuning in, Tracy =============================

In this Product Spotlight, Tracy, host of The Impact Farming Show, chats with Clem Collet—a partner at West End Tire and a farmer from Manitoba—about the importance and process of tire section repair for agricultural equipment. Clem dives into the significant cost-saving benefits of repairing tires instead of replacing them and how this repair method helps keep farming operations running smoothly. Episode Highlights: - About Clem Tracy kicks off the conversation by learning more about Clem's background and journey into both farming and tire repair. - About West End Tire and its Role in Supporting the Farming Industry  Clem shares the story of West End Tire, explaining how their services have become essential for farmers, especially in keeping costly equipment running efficiently. - What is Tire Section Repair & the Process Clem details what tire section repairs are, how they differ from regular tire repairs, and why it's a superior solution for severe tire damage. - Cost Savings of Tire Section Repair  In this segment, Clem discusses how tire section repairs can save farmers a significant amount of money, as the process is only a fraction of the cost of replacing a tire entirely. - Types of Farm Equipment You Can Work With Clem explains that West End Tire works with all types of agricultural equipment tires, offering solutions across a wide range of machinery. - How Long Does It Take to Do a Tire Section Repair? Clem gives insight into the timeline of the repair process and how quickly farmers can expect their tires to be back in action. - Rock Solid Warranty and Tire Longevity Clem talks about the strong warranty that West End Tire offers and how, after a section repair, a tire can last for its full lifespan as though it were new. - How Can Farmers Get in Touch with You? Clem provides contact details for farmers interested in learning more or having their agricultural tires repaired. What is Tire Section Repair? A tire section repair is a specialized process that addresses moderate to severe tire damage, including issues with sidewalls, faces, and shoulders. Unlike typical tire repairs that work for light damage, tire section repairs can restore a tire to its original function, potentially extending its lifespan for a fraction of the cost of a full replacement. These repairs require specific tools and skilled technicians, making it more appropriate for larger, specialized agricultural equipment. Tune in to hear more about how tire section repairs can benefit your farm, save you money, and keep your machinery in top shape! Thanks for tuning in, Tracy Brunet =================================

In this episode, Tracy sits down with Robb Nelson, the CEO of Farm Lending Canada, to discuss how their company is making a significant impact on Canadian agriculture by providing alternative financing solutions for farms.  Robb shares his insights on the challenges farmers face in today's economy and how Farm Lending Canada is offering much-needed support to those in need of alternative lending options. Key Topics Discussed [0:00] - Introduction. [1:37] - Tell us more about Farm Lending Canada & AgriRoots?  [5:05] - What happens when things go sideways? (Drought, Trade Wars, Tariffs)  [13:02] - How have farmers been financially in the last couple years, and where are we at now? [18:19] - What's keeping you up at night and what are you worried about now and what's coming?  [22:34] - How are you supporting farmers with alternative lending? (Short-term Bridge Financing, Bridge Closings, and Equity Release Program) [30:33] - Niche Lending products: Rural Residential and Hobby Farm Mortgages. [33:32] - Sample Scenarios that farmers face. (Farmers in a pinch, Acquisition of land, Reverse Financial Consultation) [1:00:25] - AgriRoots Diversified Lending fund. [1:04:33] - Do you have tips for farmers to stay strong for what's coming? [1:08:27] - Having hard conversations to keep farmers mental health balanced. [1:16:44] - Where can farmers connect with you? Join us for this important discussion and hear how Farm Lending Canada is helping farmers navigate financial challenges, plan for the future, and thrive in today's economic landscape. Thanks for tuning in, Tracy =============================

Episode Overview: In this week's episode of The Impact Farming Show, Tracy dives deep into the TOP 10 Farm Transition Planning Mistakes that many farm founders make during this critical stage. With so many powerful conversations from the greatest minds in farm business management, Tracy draws on past transition planning episodes to provide you with invaluable insights. Farm transition planning is a complex process with numerous considerations, and many founders face concerns they don't know how to navigate. Tracy draws on past conversations to help you identify the most common mistakes and avoid them, ensuring that your farm's future is secured. Stay tuned until the end of the episode for a brand new FREE resource Tracy has for those eager to learn more about farm transition planning but don't know where to begin. Key Takeaways from this Episode: - TOP 10 Transition Planning Mistakes: Tracy shares the top mistakes farm founders make and how to avoid them. Whether it's not involving the right people, overlooking family dynamics, or waiting too long to make a plan, these mistakes can have long-term consequences. - Why Early Planning Matters: Learn how waiting on farm transition planning can result in more stress, fewer options, and potentially harmful consequences for your farm business and family. - The Importance of Communication in Transition Planning: Discover why keeping an open line of communication with family members, employees, and advisors is critical to a successful transition. - The Value of Seeking Expert Guidance: Learn why working with a team of professionals—lawyers, accountants, and transition planners—is vital for navigating the complexities of the process. - What Should You Do Next?: Tracy provides practical steps on what to consider and how to get started with your own farm transition plan. A FREE Resource: Tracy reveals a brand-new FREE resource that listeners can access to kickstart their farm transition journey. Who Should Listen: - Farm owners considering or currently in the process of transitioning their farm. - Farm successors who would one day love to take over the family farm but are not sure where to start. - Those seeking to understand the key considerations and mistakes to avoid when planning a farm transition. Tune in for this informative episode and avoid the mistakes that can delay or derail your farm transition. Thanks for tuning in, Tracy Resources Mentioned in This Episode: FREE Resource: Tracy shares a new free tool for listeners eager to learn more about transition planning. https://www.farmmarketer.com/impact_farming_show/free_resources =============================

In this Journal of Accountancy-branded podcast, a senior wealth strategist and managing partner share advice on how to initiate conversations with business clients about transition and succession planning.

See omnystudio.com/listener for privacy information.

In this solo episode of The Impact Farming Show, Tracy dives into several important topics around farm transition planning, the common hurdles farm founders face, and a brand-new resource for listeners. In this episode, Tracy discusses: - Recap of Recent Episodes: Tracy reflects on the recent episodes of the show, including the two on fair and equal treatment (a major topic when it comes to transition planning), an episode about wills and trusts, and two interviews with individuals who help farm founders share their farm stories and legacy through video interviews. She asks listeners how they are enjoying the content so far. - Five Key Concerns in Transition Planning: After conducting interviews, research, and reading, Tracy shares the five common problems or concerns that often prevent farm founders from starting or completing their transition planning: 1) Fair treatment of heirs 2) Financial concerns and senior care for the retiring generation 3) Determining who takes the lead in succession 4) Understanding how the transition process works 5) Logistics – how to implement the plan once it's in place - Identifying Stumbling Blocks: Tracy emphasizes the importance of acknowledging these common stumbling blocks, especially for the younger generation who are eager to plan but may face resistance from farm founders. Farm founders often struggle to voice concerns or even begin the conversation, which can leave the younger generation feeling stuck. - Exciting New Resource Announcement: Tracy is thrilled to introduce a FREE ebook that lists valuable Transition Planning Books & Resources. She shares her excitement about compiling a list of helpful books, thought leaders, and resources she's found throughout her research. This is a great tool for anyone looking to dive deeper into transition planning. Final Thoughts: Tracy encourages listeners to stay strong in these uncertain times, reminding them that, although challenges exist, “this too shall pass.” Thank you for tuning in! Tracy Resources Mentioned in this Episode: FREE Transition Planning Books & Resources Ebook – available for download now! https://www.farmmarketer.com/impact_farming_show/free_resources If you enjoyed this episode, be sure to subscribe and share with other farmers who would benefit from these discussions. Thanks for tuning in, Tracy =================================

In this episode of The Impact Farming Show, Tracy speaks with Vance Crowe, Founder of Legacy Interviews, about the importance of preserving your family's stories for future generations. Vance explains how his company helps individuals and couples record their life stories, capturing memories from childhood, careers, marriage, and more. These interviews provide a lasting legacy that can be shared with future generations, ensuring family stories are never lost. Vance also shares how these interviews help farm founders transition into retirement by documenting their legacy and easing the emotional challenges of passing the farm to the next generation. Key Takeaways: - Why recording family stories is crucial. - How Legacy Interviews helps preserve farm founders' legacies. - The emotional benefits of documenting your family's history. Don't miss this heartwarming conversation about the power of storytelling and leaving a lasting legacy for your family. Listen to this episode on YouTube and discover the importance of family legacy interviews today! Thanks for tuning in, Tracy ============================= ✅ About The Impact Farming Show: Produced by Farm Marketer. Farm Marketer is a Canadian digital media company specializing in publishing agriculture content that matters most to Canadian farmers: news, commodities, agriculture events, agriculture real estate for sale, and much more.  Farm Marketer is also the proud producer of the award-winning agriculture show The Impact Farming Show. This weekly video and podcast show is dedicated to introducing farmers to the people and ideas that will impact their farming operations. Join show host Tracy Brunet as she speaks to top minds and change makers about what's currently IMPACTING agriculture.    ================================= Related Searches

In this episode, I'm diving into the importance of transition planning, both in our personal lives and careers. I've been through a lot of transitions myself, and I want to share some of those experiences with you. It's all about being prepared for changes, avoiding burnout during these times, and having a solid succession plan in place. Through practical examples and personal stories, I'll offer insights on how to get ready for various transitions in life, making it easier for you and everyone else involved.Early-bird registration from Creating Space 2025 is opening ONLY for the month of March! Head to⁠joanchanmd.com/space⁠ to book your connection call and benefit from the early-bird payment plan and bonus coaching session

Divorce is complicated enough on its own, but when children with special needs are involved, the complexity of co-parenting and planning for the future is even greater. You can't afford to just “get it over with”—you need a plan that works not just for today, but for years down the road.In this episode, I sit down with Erik Feig, founder of Feig Mediation Group, to talk about how mediation can help families transition smoothly while prioritizing the unique needs of their children. Listen in to learn what it takes to tackle decisions that can feel overwhelming, how to create a solid co-parenting plan, and what you can do to manage stress along the way.For show notes and more, visit: https://tinyurl.com/34xj5u46

This week's Urban Valor episode features Rory Farrell, a retired Navy Special Operations Corpsman (2004-2024), who shares his journey through the military and beyond. Growing up in Colchester, CT, Rory was deeply impacted by 9/11, which inspired him to enlist in the Navy. He pursued the Special Amphibious Reconnaissance Corpsman pipeline, undergoing some of the most grueling training in military history to become a Special Ops Medic. Throughout his career, Rory faced intense challenges, including a flashbang accident that nearly cost him his hand, and a shocking attempt by a superior officer to sabotage his career. However, one of his most extraordinary moments came when he rescued a mother and her child after a 110-ft tree crushed their car at Yosemite National Park. His quick thinking and elite medical training saved their lives, demonstrating the resilience, sacrifice, and heroism that define special operations forces.

In this episode, Tracy sits down with Maggie Van Camp, Founder of Loft32 and Farmer's Bridge, to discuss the importance of transition planning and preserving farm legacies. Maggie shares insights on why understanding the past is key to planning for the future and introduces her project, Farm Family Legacy Videos, which helps farm families document their stories for generations to come. Key Topics: - The importance of transition planning for farm families - How Farm Family Legacy Videos capture the farm's history - Why documenting your farm's legacy is such a beautiful gift  Tune in to learn how documenting your family's farm legacy can set the stage for a successful future! Thanks for tuning in, Tracy ================================= ✅ About The Impact Farming Show: Produced by Farm Marketer. Farm Marketer is a Canadian digital media company specializing in publishing agriculture content that matters most to Canadian farmers: news, commodities, agriculture events, agriculture real estate for sale, and much more.  Farm Marketer is also the proud producer of the award-winning agriculture show The Impact Farming Show. This weekly video and podcast show is dedicated to introducing farmers to the people and ideas that will impact their farming operations. Join show host Tracy Brunet as she speaks to top minds and change makers about what's currently IMPACTING agriculture.     Sign up for Impact Farming Show Alerts: https://www.farmmarketer.com/impact_farming_show/sign-up =================================

NYC Special Education Attorney Adam Dayan is joined by fellow Special Education Attorney Arshi Pal as they delve into the crucial topic of early adulthood and transition planning for students with disabilities. Arshi brings a wealth of experience to the discussion, having spent 10 years working in an elementary school with children from diverse backgrounds who often lacked the support they needed to thrive both academically and emotionally. Together, Adam and Arshi emphasize the importance of parents planning early for their child's future—looking beyond school years and preparing for the transition into adulthood. Tune in as they cover key topics such as high school diplomas, graduation, college accommodations, and adult services, all with the goal of helping students with disabilities succeed in the next chapter of their lives.

In this episode of The Impact Farming Show, Tracy sits down with Heather Venenga, a financial advisor from Watertown, South Dakota, and the author of Protect Your Pack and Your Den!. They dive deep into the complexities of farm succession planning, discussing how farmers can achieve fair and equal in transition planning without risking the family legacy. Heather offers invaluable insights into the common stumbling blocks farmers face when planning for the future of their farm, including the challenge of balancing fairness among heirs. They touch on practical solutions and how to avoid making costly mistakes. That approximately 70% of farms lack a written succession plan The challenges of "fair & equal" in farm transitions Common succession planning mistakes to avoid Different approaches to fair and equal and their pros/cons The importance of starting early for better planning options Listen to learn how to preserve your farm's future while keeping family relationships intact! Thanks for tuning in, Tracy

Guests: Colin Tanner and Chad Yanchycki In this week's insightful interview, Tracy sits down with Colin Tanner and Chad Yanchycki of FP Genetics to discuss the latest in wheat and durum seed varieties and how they're designed to benefit Canadian farmers. They dive into the specifics of these crops, the expertise FP Genetics provides, and how farmers can access the resources they need to make the best choices for their operations.   In this conversation, we cover: What makes FP Genetics' wheat and durum varieties unique and why farmers should consider these seeds for their operations. The resources and support that FP Genetics offers to help farmers make informed seed decisions, with a special focus on agronomy and field expertise. How farmers can learn more about these varieties and purchase seeds, ensuring they have access to the best options for their farms.  

In this episode, Tracy interviews financial advisor Heather Venenga about the essentials of wills and trusts in farm succession planning. Heather explains when a will is enough, when a trust might be needed, and the difference between revocable and irrevocable trusts. Plus, learn about using corporations and shares as an alternative way to pass down your farm.   Heather also shares the biggest mistakes farmers make and offers valuable advice on how to avoid them.  

Guest: Chris Churko, CEO of FP Genetics In this episode, Tracy interviews Chris Churko, CEO of FP Genetics, about the company's mission to help Canadian farmers grow higher-yielding and resilient crops. Chris shares insights into FP Genetics' history, the challenges farmers face with seed selection, and how their innovative varieties address climate adaptability, disease resistance, and yield potential.  

There is an increasing focus on the role of financial institutions in contributing to climate-related change as a result of their financing of the activities of customers and counterparties. A key element in financial institutions' efforts to limit their contributions to climate-related change is the development of transition plans.This Toronto Centre Note and accompanying podcast focuses on two types of transition plans: those focused primarily on strengthening financial institutions' own internal risk management in the face of climate-related change, and those aimed at reducing institutions' own contributions to such change.Speaker: Paul Wright, Program Leader, Toronto CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here.

In this week's episode, Tracy sits down with Darin Nooren, an Insurance & Investment Advisor at Nooren Financial, to discuss the critical topic of farm transition planning. As the landscape of family farms continues to evolve, fair and equal between farming and non farming children has become a complex and often contentious issue. Darin shares his personal experiences and insights into the challenges farm families face when planning for the future and how insurance can play a key role in making transition planning successful. Key Topics Include: Darin reflects on growing up in Southern Ontario and witnessing family farms being torn apart due to a lack of proper transition planning or the complications that arise when trying to split the farm equally among all children. Why farm founders often avoid transition planning.  The shift from passing the farm to one child to more equal distribution and the negative impacts this can have on the family farm and family harmony.  How life insurance can help with fair transitions; keeping all children happy while preserving the viability of the farming operation.  Tracy and Darin run through three scenarios and how life insurance can help avoid family conflict and ensures farm continuity.   When to start life insurance for farm transitions, even for older farmers Tune in for Darin's insights on how to use insurance to protect family farms for future generations! Thanks for tuning in, Tracy

In this episode of the Uplevel Dairy Podcast, Peggy is sitting down with Will McKinley, President of Menn Law Firm, to discuss the importance of trust and estate planning for farm families.  Will explains three different types of trusts, including Medicaid, revocable, and irrevocable trusts, and their relevance in asset protection, probate avoidance, and tax planning for farms. He shares insights into the legal and practical aspects of transition planning and succession for agribusiness, emphasizing the importance of updating and funding the trust. Real-life stories illustrate successful trust implementations and the challenges of equitable asset distribution among family members. The episode underscores the necessity of early planning and communication to ensure a smooth transition of farm operations to the next generation.  00:00 Introduction and Welcome 00:14 Menn Law's Legacy and Services 02:01 Will McKinley's Background 02:45 Understanding Trusts: An Overview 04:11 Medicaid Trusts Explained 05:10 Revocable Trusts: Essential for Farms 06:57 Irrevocable Trusts: Advanced Planning 16:19 Practical Applications and Case Studies 25:46 Challenges in Trust Planning 28:57 Success Stories and Final Advice 35:23 Conclusion and Contact Information This Episode is Brought to you by Menn Law Firm Contact Will McKinley at Menn Law, Appleton, Wisconsin: William-McKinley@mennlaw.com (920) 731-6631 https://mennlaw.com/ Do you have a question on succession and farm transition you would like to hear Will answer on the Uplevel Dairy Podcast? Send your questions to peggy@upleveldairy.com

The Future Leader - The Successor's Guide to Family Business Leadership with Patti Durand  In this week's episode, Tracy sits down with Patti Durand, author of The Future Leader – The Successor's Guide to Family Business Leadership, to discuss the vital role of successors in family businesses and how they can navigate the complexities of leadership transitions.  Patti speaks about her book that has been written to share insights on how to prepare the next generation of leaders, why these transitions are so difficult, and how to navigate crucial conversations with parents.  Whether you're a successor or someone guiding the next generation, this episode offers valuable strategies for successful leadership transitions. Are you hoping to take over the family farm one day? Are you are farm founder and not sure where to start with transition planning? If so, this episode and Patti's book is a MUST READ for you. I loved this conversation and I am soooo proud of Patti and her new book. See you inside this week's episode! Tracy 

S7, EP 51 – Are your finances holding your ranch back? In this episode of Casual Cattle Conversations, host Shaye Koester-Wanner sits down with financial expert Jessica Groskopf to tackle the challenges of financial planning for farmers and ranchers. Together, they break down actionable strategies to secure your operation's future, from estate and transition planning to building emergency funds and distinguishing good debt from bad debt. Discover why early investing, alternative revenue streams, and separating personal and farm finances are critical for lasting success in agriculture. Jessica also shares tips to simplify financial management and take control, even when it feels overwhelming. Key Takeaways Financial planning is vital for young farmers and ranchers. Estate and transition planning ensure a sustainable future for your operation. Start saving early to build long-term wealth. Maintain an emergency fund covering three to six months of expenses. Understand the difference between good debt and bad debt. Invest in flexible accounts to grow financial security. Explore alternative revenue streams to diversify income. Separating personal and farm finances is a game-changer. Small steps lead to significant improvements in financial management. Seeking advice from financial experts can alleviate stress. Chapters 00:00 – Introduction to Transition Planning 04:19 – Empowering the Next Generation of Ranchers 06:49 – Early Wealth-Building Strategies 12:55 – Setting Up an Emergency Fund 21:09 – Good Debt vs. Bad Debt Explained 26:17 – Smart Investing for Farmers 33:32 – Diversifying with Alternative Revenue Streams 35:49 – Steps to Financial Freedom RancherMinds: https://www.casualcattleconversations.com/ranchermind-events  The Ultimate Goal-setting Guide for Ranchers: https://www.casualcattleconversations.com/ranchermind-events/p/move-the-ranch-forward-2025  Connect with Jessica on Instagram @jessica_groskopf

LIVE Recording: Transition Planning Panel - The Future of Farming Conference in Prince Edward Island   This week, we're bringing you a very special episode, recorded live at the "Future of Farming Conference" in Prince Edward Island. In November, Tracy had the privilege of attending this inspiring event and interviewing two exceptional farms about their unique journeys in farm transition. This episode dives into the challenges, triumphs, and invaluable lessons learned from their experiences. Our first featured farm is represented by none other than PEI Agriculture Minister Bloyce Thompson, a well-known figure in the local farming community. Bloyce shares insights into the complexities of transitioning a farm, drawing from his own experiences as a dairy farmer and his personal farm transition journey. The second farm, represented by Lauchie and Jolene MacEachern, offers a fascinating perspective on non-traditional third-party succession. Their story highlights the opportunities that can arise when young farmers look outside the box of traditional family-to-family transitions. With decreasing family sizes and a decline in interest from younger generations, many farm founders are forced to either sell their farms or explore alternative transition models. As many farmers prioritize preserving their legacy over quick financial gains, third-party succession is emerging as a viable and increasingly popular option. In addition to these individual farm stories, Tracy shares her personal insights and some of the top farm transition tips she has gathered from hundreds of guest interviews.  She also leaves the event audience with an amazing FREE Transition Planning Resource eBook. Great news, we are also providing it for our loyal Impact Farming Show audience. You can check it out and download it using the link found below in the resource section. This segment provides valuable advice and practical tips for young farmers who are considering their own farm transition. We hope you enjoy this special episode. It's a testament to the resilience, innovation, and passion of the farming community. Thanks for tuning in, Tracy Brunet ……………………… More About the Future of Farming Conference The Future of Farming Conference hosted by the Prince Edward Island Department of Agriculture is dedicated to inspiring and empowering the next generation of farmers and future leaders in Prince Edward Island's agriculture industry. This conference will allow young farmers and those interested in becoming farmers to come together to share knowledge, resources, and connections to help drive success in the future of farming on PEI. The Future of Farming Conference is a unique opportunity for young farmers, professionals in agriculture, and new entrants interested in farming to come together, learn, grow, and inspire. For more information about this event, please visit their website: https://futurefarmingconferencepei.princeedwardisland.ca  ……………………… More About the Event Panelists Hon. Bloyce Thompson Bloyce Thompson was first elected as the MLA for District 8, Stanhope-Marshfield, in the 2019 general election. In May 2019, Bloyce was named as Minister of Agriculture and Land and as Minister of Justice and Public Safety and Attorney General. In July 2022, Bloyce was named Minister of Economic Growth, Tourism and Culture. Bloyce is an active member of his community and the agriculture industry as a third-generation dairy farmer and businessman from Eastside Farms in Frenchfort. He is a proud graduate of Dalhousie Agricultural College. He has served his industry as a member of the genetic evaluation board of the Canadian Dairy Network and as a board member of the Dairy Farmers of PEI. Bloyce and his wife Terri are the proud parents of three children. Bloyce was re-elected as the MLA for District 8, Stanhope- Marshfield, on April 3rd, 2023. Lauchie and Jolene MacEachern Lauchie and Jolene MacEachern are dedicated dairy farmers operating Folly River Farm in Debert, Colchester County, Nova Scotia. Lauchie, who did not grow up on a farm, began working at Folly River Farm as a herdsman in 2001 while Jolene completed her degree. After gaining further experience out west, they returned to Nova Scotia, where they took full ownership of the farm on January 1, 2013, following a succession plan with the original owners. Lauchie and Jolene are proud parents of three children: Ewan, Allister, and Adriana. ............................... Show Resources Future of Farming Conference: https://futurefarmingconferencepei.princeedwardisland.ca  FREE Transition Planning eBook Download: https://www.farmmarketer.com/impact_farming_show/free_resources  *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

Why do family farm transition plans stall before they are completed?  Today, we uncover two root reasons that hold families back from taking the next step with attorney Will McKinley, president of Menn Law in Appleton, Wisconsin. Will, who grew up on the farm fields of Illinois, has been spending his time in the field with well-known agriculture attorney George Twohig since the principal office of Twohig Rietbrock Schneider Halbach S.C. affiliated with Menn Law last year. Today, Will shares stories and expertise on navigating the early stages of transition planning and how to keep the process moving forward. Contact Will McKinley at Menn Law: William-McKinley@mennlaw.com (920) 731-6631 https://mennlaw.com/ Do you have a question on succession and farm transition you would like to hear Will answer on the Uplevel Dairy Podcast? Send your questions to peggy@upleveldairy.com  Want to get new episodes in your inbox? Subscribe here: https://www.upleveldairy.com/subscribe

In this week's episode, Tracy speaks to Mary Jo Irmen, author of Farming Without the Bank, about “Financial Freedom for Farmers.” As farmers, we are constantly borrowing money, paying huge amounts of interest, signing it all over to the bank, and then hoping and praying that we are not actually just one or two bad years away from losing it all. Have you ever thought to yourself, “There must be a better way to do this” regarding Farming and banking? Well, if so, you will want to catch this episode. Mary Jo opens the conversation by saying, “The system of farming and ranching has changed over the last 100 years, but its financing has not.” This bold and out-of-the-box statement started a fantastic conversation between Tracy and Mary Jo, where they discussed the pitfalls of traditional financing and how farmers can create financial independence, dependable cash flow, and maintain control of their assets with the use of Mary Jo's “Farming Without the Bank” concept and Infinity Banking. Mary Jo explains it all in a 101 fashion that is easy to understand. What type of insurance policy is this? How do you build up and borrow from your policy, and why is no collateral needed? How does the death benefit work? Tracy and Mary Jo also discuss how this policy is instrumental in making transition planning work, how it helps in fair and equal situations with off-farm children, and even discuss old-age care for the farm founders. Tracy asks Mary Jo her thoughts on “fair and equal” and you won't want to miss her answer. Hint. She's a hot NO on that one. She asks why you work so hard to build your farm in good and bad years only to destroy it by parcelling it all out and rendering it no longer a viable farming operation? If you are intrigued and more than happy to entertain a new conversation about Farming and banking…. don't miss this episode.   *********** SHOW RESOURCES   Mary Jo Irene's Website: https://www.farmingwithoutthebank.com  Buy Farming Without the Bank book: https://www.farmingwithoutthebank.com/shop/   *********** Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung     Canada's Largest Independent Seed Company - Learn More Here *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

In this week's episode, Tracy speaks to Michael Langemeier in this episode titled “Sweat Equity on The Farm: How to Get It Right and Make It Fair.” So what is sweat equity? Sweat equity is a form of compensation that considers that few farms have adequate cash-on-hand to fully compensate the next generation's labours. And in this week's episode Michael and Tracy speak about this often-tricky subject: What is sweat equity and why does it occur? Michael discusses the connection between farm profitability, accepting a returning family member, and sweaty equity. How can we measure sweat equity for estate planning? He shares the two main dilemmas that arise when calculating sweat equity. Dilemma #1 – treating each child fairly Dilemma #2 – Increases in farm equity Michael shares other factors that may affect the calculation. If you are considering a sweat equity arrangement on your farm, you won't want to miss this week's episode.   *********** SHOW RESOURCES   Purdue University - https://ag.purdue.edu/department/agecon/extension/extension-resources.html Purdue Commercial Ag Learning Centre: https://ag.purdue.edu/commercialag/home/team/michael-langemeier/   *********** Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung     Canada's Largest Independent Seed Company - Learn More Here *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

In this episode, my guest is Glenn Dogterom, Farm Family Transition Coach, retired CPA, financial planner, and acting member of the Canadian Association of Farm Advisors. Over the years, Glenn has provided various services to his clients including tax planning and preparation, financial statements, cash flows, and transition planning. Glenn proposes there's a better, more thoughtful approach to transition without all the pressure and potential for bad decision-making. We discuss practical strategies for achieving realistic timelines and involving the younger generation from the get-go, as well as what to do and expect if you haven't. At the end of this episode, you will gain a better understanding of how much time it truly takes to achieve a more meaningful transition, and why taking into consideration inevitables like illness and debt is so important. Access the full show notes for this episode at elainefroese.com. Discover more about our guest: Glenn Dogterom Elaine Froese Resources: Watch this episode on YouTube. SPEAKING - book Elaine for your next event COACHING - find your Farm Transition Coach MEMBERSHIP - Join the waitlist for the Farm Family Harmony Membership RESOURCES - download for FREE CONTACT - take the next steps in your transition  BURNING QUESTION? Submit it here for Elaine or her coaches Timestamps 0:00:30 Introduction Glenn Dogterom 0:01:30 What to do when you're stuck 0:03:55 Creating realistic timelines and involving your children in the process 0:07:00 Assessing your skills and creating a business plan as a younger farmer 0:08:21 Financial preparedness and passing on debt  0:10:38 How to lean on your team of trusted advisors 0:13:02 Navigating transition in the midst of health issues 0:15:37 Finding harmony through understanding can take time 0:18:33 Glenn's favorite “good transition” story 0:21:41 It's a journey, not a sprint

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Future proofing our farms. What does that make you think and feel? For me, I heard those words and felt they spoke powerfully and perfectly to my mission with my media company Farm Marketer and The Impact Farming Show. My show slogan is to bring our audience the people and ideas that will IMPACT their farming operation. But at the core of my mission, is providing people with the tools and empowering them to achieve and take control of their financial destiny.  In farming our financial success depends on us running the best farm that we can. The best production practices and the best farm business management practices. Then we add hope, prayers and faith that mother nature, the economy, and the markets will be kind to us. In this episode, I share a bit of what is hot on my mind for season 7 and the critical importance of transition planning. Transition planning will be a big focus for season 7.  Isn't transition planning one of the most important things to future proofing our farm and our industry? In this video, I also share something new that I will be introducing to the show and this channel.  Enough said, I share all the details in the video. I look forward to seeing you in the episode. As always, I would love to hear your thoughts.  What's on your mind?  What are you excited about in agriculture?  Worried about? What types of episodes would you like to see? Thanks for tuning in friend, Tracy Brunet ..............................

In today's episode, Tracy chats with Terry Betker in this episode titled “Do Farm Founders Avoid Transition Planning?” Is it finally time to address the elephant in the room? The industry has encouraged farmers to create a transition plan for decades, yet little progress has been made. So, one needs to ask, do farmers purposefully avoid transition planning? In this week's episode, Tracy and Terry speak about: If farmers know they need to do transition planning and plenty of information is available, why are they not doing it? Is it finally time to address the elephant in the room? Are farm founders purposefully avoiding this subject? Tracy and Terry open the cans of words and get to some real talk about transition. Tracy has also noticed that it tends to be the farmwife, farm mom, female farm founder who pushes the subject of transition planning. She asks Terry if he has observed this, and they chat about gender differences, concerns, and roles on the farm. She asks Terry what he has noticed in his over 30 years of experience working with farm families on transition. Why do farmers avoid transition planning? What are ways to help farmers want to make this transition before it's too little too late? Tracy and Terry discuss matters in this episode that are rarely discussed…the humanness, immortality, and conflicting desires of the farm founder. If you are looking for a deep, meaningful, honest conversation on transition planning, you will want to tune into this episode.   *********** SHOW RESOURCES   Visit Backswath Management's website here: https://backswath.com Backswath's Upcoming Conference “The Next Chapter of Your Farming Journey” Learn more and register here: https://backswath.com/events/yournextchapter/   *********** Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung     Canada's Largest Independent Seed Company - Learn More Here *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

Do you know how a parent's role in the healthcare process changes during puberty? Join Nikki Montgomery, M.A., M.Ed., GPAC, Director of Strategy and Communications for Family Voices National, as she leads a discussion on how to begin to involve your child in planning and decision-making now to prepare for future self-advocacy. As part of her work with Family Voices, Nikki also leads the National Center for Transition to Adult Health Care for Youth with Disabilities, and will be addressing how race, disability and special health needs can affect healthcare outcomes. Families will learn to grow their child's independence and advocacy skills in order to more confidently navigate this adolescent transition.

In this second part of my conversation with Julia Wright from Ken's Krew, we discuss the importance of work experience in transition programs and the improvements that have taken place in these programs which are enabling more young people to be work-ready. She also offers advice to families about how to plan ahead and why planning is so important because it makes that move from education to employment much more likely to happen.   https://kenskrew.org/ https://www.facebook.com/kenskrewjobs/  

In this week's episode, Tracy speaks to Maggie Van Camp about all things transition planning in this episode titled “Farm Succession: A Communication First Approach.” In this episode, Tracy and Maggie discuss: - Why is now the time for farmers to create their transition plan? - Maggie states, “Successful succession requires flipping the priorities on transition planning to having better communication skills as a foundation.” - She shares the 3 Phases of Transition Planning. - How long does transition planning take? - Tracy asks Maggie about the factors that are making succession planning even more challenging than in past years. - Proper role transitioning during succession is important. Maggie explains the 3 stages of role transition and why a slow transition is important, needed, and best for both generations. With a communication-first approach in mind, Maggie shares a quick round of best communication practices for farms to implement, especially around transition planning. Is transition planning something you are interested in learning more about?  If so, you won't want to miss this episode. Thanks so much for tuning in, Tracy Brunet ============================= RESOURCES Connect with Maggie Van Camp: https://loft32.ca/#team  Farmer's Bridge: https://farmersbridge.ca You can read and download Maggie Van Camp's Applied Research paper “Farm Succession: A Communications-first Approach” – This paper was accepted for presentation at the International Farm Management Congress 2024.  https://farmersbridge.ca/wp-content/uploads/2024/06/whitepaper-succession-communications-final.pdf Do you know all the information you'd need to keep operating without your key decision makers? Here is The Because I Love You list that you can download and keep safe. https://farmersbridge.ca Loft32: https://loft32.ca SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

DISCLAIMER - This information is not a substitute for mental health or medical treatment or services. In this week's episode, Tracy speaks to Amy Monea about all things mental health in this episode titled “Farmer Suicide: Let's Talk About It.” In this episode, Tracy and Amy discuss: What is the difference between mental health and mental illness? Amy walks us through different mental health concerns, symptoms and illnesses. She shares about panic attacks, anxiety, depression, bipolar, schizophrenia, suicide ideation, and more. Tracy asks Amy “What state of mental health are farmers usually in when they commit suicide…is it usually depression? Can the desire to commit suicide start suddenly or does it creep up on farmers?” What are the ways that we can recognize when people are just not ok? There is a common fear that if you bring it up to someone, you may offend them or even give them the idea to commit suicide. This is not true. Amy speaks to this. What can you say to someone is you are concerned about their mental health or if you are concern that they might be contemplating suicide? Now what if it's ourself? What if we are in a dark place and contemplating if life is worth living…what do you do? Is there ways to prevent mental illness? Ways to take care of our mental health? If someone is struggling where do you go to get help? This is an informative and deep conversation about mental health and spotting symptoms in ourselves and others. We are a large community but a small community in reality. We need to look out for one another so if you are interested in learning more, you won't want to miss this episode. *********** SHOW RESOURCES Connect with Amy Monea   Heard Wellness Through Horses: https://www.heardwellness.com/about  AgKnow: https://www.agknow.ca/resource-library/interview-amy-monea 9-8-8: Suicide Crisis Helpline If you or someone you know is thinking about suicide, call or text 9-8-8. Help is available 24 hours a day, 7 days a week. 9-8-8: Suicide Crisis Helpline offers support that is: bilingual trauma-informed culturally appropriate available to anyone in Canada For this and other mental health services please visit this website: https://www.canada.ca/en/public-health/services/mental-health-services/mental-health-get-help.html   *********** Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung Canada's Largest Independent Seed Company - Learn More Here *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

Tracy speaks to Clint Fischer about “Passing Down The Farm" in this week's episode. In this episode, Tracy speaks to Clint Fischer about all things farm transition planning: For decades, the industry has been educating and pushing succession planning for farmers at events, in articles, etc. Are we making progress as an industry? What are the main reasons/obstacles that keep farmers from starting? Who are the best individuals to hire to help you create your transition plan? When is the best time for Generation 2 to start the transition planning conversation? Clint touches on entitlement. He shares his three-phase approach to transition planning. Should management and ownership transition happen at the same time or in different stages? Clint covers this and so much more. Is transition planning on the horizon for your farm? If so, you won't want to miss this episode. Thanks for tuning in friends, Tracy *********** SHOW RESOURCES Connect with Clint Fischer: https://braintrustag.com/about/ Braintrust Ag: https://braintrustag.com   *********** Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: Pioneer® Made To Grow™     Optimum® GLY Canola Unlock the genetic potential of your canola with our new Optimum® GLY — the highest yielding glyphosate-tolerant trait on the market, offering complete herbicide application flexibility.  Learn more here https://www.pioneer.com/ca-en/products/canola/optimum-gly *********** SIGN UP If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

In today's episode, I am joined by Douglas Wood, former Big Law attorney and author of 11 books, including From Dawn to Dusk: How to Build a Multimillion Dollar Law Practice and Then Give It Away.  We dive into the often-ignored topic of succession planning for attorneys nearing retirement in large law firms. Doug shares his own experience transitioning out of a big law career, mentoring younger attorneys, and how firms can better manage the departure of senior partners. We also discuss the importance of delegation, mentorship, and planning for retirement from both the attorney's and the firm's perspective. At a Glance: 00:00: Introduction to the episode and guest, Douglas Wood 01:20: Transitioning out of law practice and the significance of succession planning in Big Law 03:20: Doug's career path, from small firms to becoming a partner at Reed Smith 04:50: Retirement planning in large firms and the lack of formal transition processes 06:54: Why law firms avoid discussions about partner transitions 09:00: Mentoring younger attorneys and the rewards of delegating client relationships 11:00: Addressing the risks of delegation and the misconception that clients will leave 13:15: Building a transition plan that benefits the firm, the transitioning attorney, and the younger lawyers 17:03: Balancing client demands, billable hours, and mentoring—debunking the "too busy" excuse 21:10: The generational gap and its impact on mentorship in the legal profession 24:00: The lack of formal programs for senior lawyers and why law firms should view them as assets 30:00: Doug discusses his novel writing and upcoming projects Rate, Review, & Follow on Apple Podcasts & Spotify Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law.  For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here!  For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.   How to reach Doug Wood douglas.wood@wood.law https://dawntodusk.wood.law/ LinkedIn: https://www.linkedin.com/in/djwood1976 Facebook: https://www.facebook.com/profile.php?id=61562791655439 Amazon: From Dawn to Dusk: How to Build a Multimillion Dollar Law Practice and Then Give It Away: Wood, Douglas J.: 9798985856460: Amazon.com: Books Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her: www.lauraterrell.com  laura@lauraterrell.com   LinkedIn: https://www.linkedin.com/in/lauralterrell/  Instagram: https://www.instagram.com/lauraterrellcoaching/  Show notes: https://www.lauraterrell.com/podcast

Whether you are 3 years or 33 years away from selling your chiropractic practice / business, this is truly an Oak Tree Conversation…When is the best time to plant an oak tree?  50 years ago.  When is the next best time?  Today!  Listen in as Exit Experts Dr. Stephen Franson and Exit DNA author Mac Lackey walk you through the 5 Steps of the Remarkable Exit Process, highlighting the best practices to execute - and the common pitfalls to avoid along the way. “Businesses are not bought - they are SOLD.”  Listen in on this conversation and set yourself up for a business that will not only give you a great return “one day” - but will start to pay you handsomely MONDAY!  You will never regret owning a chiropractic business that you built to sell!Episode Highlights00:46 - Introduction of Mac Lackey and his expertise, highlighting his journey and mistakes towards optimizing the business exit process03:19 - The importance of creating strategic value in a business, not just relying on traditional financial multiples, and how this approach can help achieve high-value exits.04:25 - The concept of building a business that is ready to sell, with practical and tactical tips on optimizing operations, systems, and processes to increase value.12:06 - The necessity of a proactive approach to selling a business, highlighting that businesses are sold, not just bought, and outlining steps owners can take to attract the right buyers.17:13 - How both the owner and the business need to be prepared for the sale, focusing on emotional readiness, operational systems, and financial organization.23:32 - Implementing specific actions over time to drive up business value, likening the process to enhancing a home's value before putting it on the market.29:17 - Different sale routes, including internal sales to existing team members and external sales to new buyers or corporate entities, and how to attract the best deals.34:48 - Reducing risks during the due diligence phase, such as ensuring accurate financial records and legal agreements, to build trust and secure the deal.42:01 - Managing the personal and professional transition post-sale, with tips on planning for the next stage of life or career to ensure a smooth shift.45:07 - continuously enhancing the appeal of the business by reducing dependency on the founder and integrating exit-thinking into everyday operations.49:45 - Dr. Adrian welcomes Success Partner Susanne Temperley from Investorus to discuss practical financial strategies for individuals and businesses. Susanne shares insights from her extensive background in finance, emphasizing the importance of personalized financial planning that aligns with individual goals and values. Discover how her and her team provide comprehensive services, from budgeting and investment advice to mortgage broking and financial planning, all aimed at empowering clients to achieve financial freedom and success. Resources MentionedRegister now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/To learn more about the REM CEO Program, please visit:  http://www.theremarkablepractice.com/rem-ceoFor more information about Investorus please visit: https://investorus.com.au/Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477  Schedule a Brainstorming call with Dr. PeteDr. Stephen's LinkedInDr. Peter's LinkedInThe Remarkable CEO WebsiteDr. Stephen's Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

Naomi Rodgers, Ph.D., CCC-SLP, Ginger Collins, Ph.D., CCC-SLP, and Tim McCarren, M.A., CCC-SLP join host, Sara MacIntyre, M.A., CCC-SLP to discuss a recent research collaboration aiming to explore and better understand how SLPs can best support adolescents who stutter for life after high school through transition planning. Naomi, Ginger, and Tim discuss the need for better guidelines and support for SLPs who support high schoolers who stutter within transition planning, more about transition planning in general, as well as understanding the legal aspects of transition plans for high school students. They share findings from their study's focus groups, specific feedback from various stakeholders, use of their discussion guide (linked below), and finally, offer practical tips for school-based SLPs. This is a really fabulous and rich episode guaranteed to support SLPs who work with students who stutter across the age span, but particularly those who work with adolescents and want to understand how to best prepare students for the next phases of their lives. A must listen and a very timely back-to-school release!Resources mentioned:Postsecondary Transition Planning with Students Who Stutter Discussion GuidePre-print of article (under review) Job Accommodation Network (askJAN)ASHA: Post Secondary Transition PlanningNSA Career SuccessBios:Dr. Naomi Rodgers is an assistant professor at the University Iowa where she directs the Iowa Stuttering Lab and teaches courses in stuttering, counseling, and clinical methods. Her experiences as a person who stutters and speech therapist inspire her research on the cognitive, emotional, and social aspects of stuttering and stuttering therapy, with a particular interest in these topics in adolescence. She is active in the stuttering support community, leading the Iowa City chapter of the National Stuttering Association and also volunteering for FRIENDS (the National Association of Young People Who Stutter). She also co-directs UI SHINE, which is a summer program at the University of Iowa for young people who stutter or who are Deaf/hard of hearing. Dr. Ginger Collins is a professor at the University of Montana, where she is also the Program Director. Dr. Collins directs the Motivational Adolescent Research in Vocabulary and Expressive Literacy (AKA- MARVEL) Lab and is a founding member of the Structured Word Inquiry Research Vanguard (AKA- SWIRV). Dr. Collins teaches undergraduate and graduate courses in language and literacy disorders and a graduate course in stuttering. Her research is primarily focused on literacy interventions targeting morphological knowledge and preparing adolescents for life after school through thoughtful transition planning.Tim McCarren is a speech language pathologist with Hopkins Public Schools in Hopkins, Minnesota. Tim also leads the Twin Cities adult chapter of the National Stuttering Association. During the summer, he participates in two different camps for kids who stutter. He co-leads the Sioris Family Camp for Kids Who Stutter, a day camp through the University of Minnesota-Twin Cities, and he is a member of the clinical team at Star Lake Out Loud, a sleep-away camp in Northern Minnesota. Tim is also a person who stutters, and loves to incorporate theatre and improv activities as ways to introduce risk taking, spontaneous communication, community building, and acceptance.

“Procrastination is a huge problem, but the bigger problem is the lack of awareness of the need for owners to start planning now, whether you're selling in three years or 13 years.” – Adam Koós The finer details of this episode:Financial strategies for clients with appreciated propertiesChallenges faced by business owners in managing real estate assets and company structuresTax implications of selling a business and recasting financialsImportance of proactive financial planning and business transition for business owners Episode resources:Summit Virtual CFO by Anders website: https://www.summitcpa.net/If you have questions or would like to be a guest on the show, email us at mcpasuccessshow@anderscpa.comCheck out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/Connect with Adam here: https://www.linkedin.com/in/adamkoos/Check out Libertas Wealth here: http://www.LibertasWealth.com Timestamps:The introduction (00:00:00)The hosts introduce the podcast and its mission, providing insights on accounting strategies and innovative tools. Adam's career story (00:00:55)Adam shares his unconventional career journey from pre-med to becoming a financial advisor and the founding of Libertas Wealth Management Group. Services provided by Libertas (00:04:45)Adam discusses Libertas' services, including financial planning, retirement planning, exit planning for business owners, and working with working professionals. Financial strategies for clients with appreciated properties (00:07:26)Adam explains the 1031 exchange and passive real estate investing as a solution for clients with appreciated properties who want to avoid active management and taxes. Liquidity and risk management in passive real estate investing (00:13:51)The discussion explores the liquidity and risk management aspects of passive real estate investing, including spreading risk by investing in multiple properties. Impact of COVID-19 on commercial real estate (00:15:39)Adam discusses the potential impact of COVID-19 on commercial real estate, including lease expirations and mortgage debt held at community banks. Elevate your firm with a virtual CFO playbook (00:16:36)An advertisement for a comprehensive online series to create and deliver scalable CFO services. Real estate and business ownership (00:17:18)Discussion on the strategy of keeping the building and retaining an income stream after retirement. Transition planning and exit planning (00:18:00)Clients' experiences in selling their companies, keeping properties, and the process of selling properties. Engagements with business owners (00:18:55)Exploration of the two types of engagements with business owners, focusing on personal and business guidance. 12-step process for business owners (00:19:47)Explanation of the 12-step process to increase the value of the company, decrease time in the business, and increase efficiencies. Risk assessment and advisory work (00:21:34)Discussion on risk assessment, tax planning, and the need for expert assistance in various aspects of business planning. Recasting and tax strategies (00:23:47)Importance of recasting business expenses and tax strategies for business owners preparing to sell. Cash balance plan and retirement strategies (00:26:27)Explanation of cash balance plans, retirement contributions, and tax reduction strategies for business owners. Exit planning and retirement (00:31:05)Discussion on optimizing cash, Roth conversions, and planning for retirement and exit strategies. Procrastination and Lack of Awareness (00:33:17)Consequences of procrastination in business planning and the lack of awareness about the need for owners to start planning now. Running a Good Business (00:35:22)The importance of running a good business and differentiating between a lifestyle business and building an asset. Transition Planning and Business Value (00:36:32)The importance of business transition planning and its impact on the value of the company, providing an analogy for understanding the benefits. Selling a Business and Pitfalls (00:39:46)The speakers discuss the pitfalls of selling a business without proper planning and the impact of disagreements between owners on the selling process. Taking Action and Accountability (00:42:12)The need for taking action, breaking down steps into smaller tasks, and the importance of accountability in business planning. Spreading Awareness and Seeking Expertise (00:44:23)Adam urges CPAs to spread awareness about business planning and transition, emphasizing the role of experts in facilitating the process.

Each election cycle comes with its own twists and turns and requires careful preparation to navigate them. The presidential transition planning that supposed to be already underway is a daunting task regardless of who wins the election. Both Vice President Kamala Harris, and former president Donald Trump have named their transition team leads, but as Federal News Network's Drew Freeman reports, they're still far behind schedule on the actual planning part. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, we talk farm transition planning with Tim Cobb, the owner and president of Farmland Company. Then, Harvest Safety Week is coming up and we'll tell you how you can sharpen your awareness with some special resources. Also, some key USDA grain projections are out and we get some important context from University of Illinois economist Joe Janzen. And, the American Bankers Association is pushing for the passage of the ACRE Act. Find out why, and what, it could mean for the future of farm lending. Then, the issue of liver flukes in cattle doesn't seem to be going away. We'll tell you what you need to be on the lookout for. We also tell you about some groundbreaking research that could keep calves out of harm's way in extreme hot weather. In our “Meat Monitor” segment, we take a look at U.S. red meat exports for the first half of 2024. In “Bushels and Cents,” Ray Bohacz says don't jump to conclusions if you see blue smoke coming from the tailpipe of your automatic transmission farm truck. The episode also includes the music of Clarksville Creative Sound recording artist Austin McKedy. Timestamps Intro and news: 0:00 Tim Cobb, Farmland Company: 6:33 Jess McCluer, National Grain and Feed Association: 8:33 Joe Janzen, University of Illinois: 11:26 Ed Elfmann, American Bankers Association: 13:38 Dr. Jody Wade, Boehringer Ingelheim: 15:15 Grace Larsen, University of Wisconsin: 17:44 Dan Halstrom, U.S. Meat Export Federation: 22:24 Ray Bohacz, “Bushels and Cents”: 24:50 Austin McKedy: 26:24

Meet Amber. Her journey through nonprofit work is winding (literally!)

In this episode, Wade, Alex, and Jason discuss the meaning of retirement and the factors to consider when deciding on a retirement date. They explore the idea that retirement is not just about leisure activities like golfing, but also about personal goals and relationships. They also touch on the possibility of working in retirement and the importance of financial independence. The conversation highlights the need for careful planning and consideration of health, financial, and personal factors when determining the timing of retirement. In this conversation, the hosts discuss the different factors that can influence retirement decisions, such as health, career changes, and financial stability. They emphasize the importance of asking the right questions and setting goals to create a comprehensive retirement plan. The hosts also mention the upcoming retirement income challenge, where participants can learn more about retirement planning. They end the conversation by teasing the next episode, which will focus on the changes that occur in retirement. Listen now to learn more!   Takeaways Retirement is whatever you decide it to be, and it can look different for everyone. Working in retirement or pursuing new ventures after retiring from a career is becoming more common. Retirement should not be solely focused on leisure activities, but also on personal goals and relationships. Financial independence is a key driver of retirement, as it provides the flexibility to do what you want. The timing of retirement should be carefully considered, taking into account health, financial, and personal factors. Retirement plans may need to be adjusted if health issues or unexpected circumstances arise. Retirement is a transition that requires planning and preparation to ensure a smooth and fulfilling experience. Retirement decisions can be influenced by factors such as health, career changes, and financial stability. Asking the right questions and setting goals is crucial for creating a comprehensive retirement plan. Investing in relationships and health is important for a fulfilling retirement. The retirement income challenge is a valuable resource for learning more about retirement planning. The next episode will explore the changes that occur in retirement. Chapters 00:00 Introduction and Small Talk 03:45 Working in Retirement 06:47 Beyond Leisure: Personal Goals and Relationships 09:38 The Importance of Financial Independence 12:25 Timing Retirement: Health, Financial, and Personal Factors 20:31 Adjusting Retirement Plans for Unexpected Circumstances 22:35 Retirement as a Transition: Planning for a Fulfilling Experience 25:15 Asking the Right Questions for Retirement Planning 28:01 Investing in Relationships and Health for a Fulfilling Retirement 37:40 Join the Retirement Income Challenge 41:21 Next Episode: Changes in Retirement   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Shaye Wanner invites Brian Reisinger, author of the book "Land Rich, Cash Poor," to shed light on the complex factors that have influenced why the number of farms and ranches in America has changed over the past century.  Through Brian's poignant storytelling and personal anecdotes, you'll gain a newfound appreciation for the resilience and perseverance that have become hallmarks of farm families across generations. From the hardships of the Great Depression to the harrowing farm crisis of the 1980s, and the more recent disruptions caused by the COVID-19 pandemic, this engaging dialogue offers a rare glimpse into the untold struggles and triumphs that have defined the American farming experience. As you immerse yourself in this compelling narrative, you'll uncover: - The profound impact of rural population shifts on the viability of agricultural communities - The double-edged sword of technological innovation, empowering some farms while leaving others behind - The consequences of policy decisions focused solely on cheap food, often at the expense of farm sustainability - The vulnerability of our food supply chain, exposed by the COVID-19 pandemic, and the need for greater resilience - Lessons from global agricultural models and practices that could inform a more sustainable future 00:00:00 Exploring Changes in Rural America Through the Lens of History 00:03:14 Embracing Roots and Writing a Family Story 00:05:00 Bridging the Rural-Urban Divide for Awareness 00:06:34 Unveiling the Untold History of American Farmers 00:09:35 Transition Planning and Farm Succession Challenges 00:12:30 Factors Affecting Family Farms 00:13:12 Population Shift from Rural to Urban Areas 00:15:55 Balancing Rural and Urban Opportunities 00:17:48 Importance of Technology in Agriculture 00:17:54 The Impact of Technology on Farming 00:21:20 Diverse Avenues to Farm Success 00:22:16 Understanding 'Land Rich, Cash Poor' 00:22:57 The Influence of Government Policies 00:27:36 Importance of Understanding Farming Challenges 00:28:19 Challenges in the Food Economy During COVID 00:31:37 Comparison with Other Countries' Agricultural Models 00:34:23 Historical Hardships Faced by Farm Families 00:37:43 Resilience of Farm Families Across Generations 00:38:03 Book Promotion and Launch Details Brian's Book: https://linktr.ee/brianreisinger  Podcast Coaching: https://www.casualcattleconversations.com/podcast-coaching RancherMinds: https://www.casualcattleconversations.com/ranchermind-events 

Tomar Pierson-Brown, JD, LLM, director of the Health Law Clinic at UPMC Children's Hospital of Pittsburgh, discusses transition planning for youth with disabilities and collaborations between legal services and hospitals that address social determinants that can affect health outcomes.