Farm Transition Planning: Communicate, Use Experts, Keep Focused

by Water Street Solutions March 10, 2013

CSDblackwo-tagWEBCorn and Soybean Digest attended the succession planning Learning Center Session that we sponsored at Commodity Classic this year, and wrote this about it:  Link here to article

Water Street Commodity Classic Session is Packed!

by Water Street Solutions March 1, 2013

Commodity Classic sessionIf the size of the crowd is any indication, legacy planning is a huge issue on the minds of farmers these days.  Every chair in the room was filled as Max Armstrong of Farm Progress moderated a session about "What to Do Now for a Successful Farm Transition".  Panelists included Darren Frye, President and CEO of Water Street Solutions, Arlan Suderman, Senior Market Analyst with Water Street Solutions, Brian Hensley, Legacy Advisor with Water Street Solutions, and Bryce Knorr, Senior Editor at Farm Futures.

What's the Succession Plan for Your Farm?

by Water Street Solutions February 26, 2013

bMetzger64You might already have a will for your farm, so you know where the assets are going when you die.  But have you worked things out with the next generation manager of the farm?  Are they ready to take the helm?  This is the tricky part of legacy planning and Ben Metzger, Director with Water Street Solutions talks about that with Dewey Nelson from KRVNWhats the succession plan for your farm Metzger AUDIO

For the text of the interview, click here: What's the Succession Plan for Your Farm?

Farmers in Peoria for Client Forum

by Water Street Solutions February 25, 2013

Continuing education is a regular part of what goes on at Water Street Solutions.  A group of our clients are in the Peoria office this week learning from each other and from Water Street staff.  Here, Dean Heffta, Senior Director of Development, works through Forte' personality profiles with attendees.  Each person at the forum fills out a short online survey and the results are revealed during this session.  Those in the room learn ways to improve their communications with their partners, employees, family and Water Street advisors.

Growing the Farm without Adding Acres

by Water Street Solutions February 19, 2013

dFrye64May12Land prices are rising, in part because farmers compete for it in order to grow their operations.  Darren Frye, President and CEO of Water Street Solutions looks at this another way - other ways to add profit without the expense of adding acres.  He talks about this with Dewey Nelson from KRVN.   Growing the Farm Without Adding Acres - Frye AUDIO

For the text of the interview, click here: Growing the Farm without Adding Acres

Kory Beyl to Speak at Triumph of Ag Expo in Omaha, NE

by Water Street Solutions February 19, 2013

Triumph of Ag logoKory Beyl, a Legacy Advisor with Water Street Solutions will be giving two seminars at this year's Triumph of Ag Expo at the CenturyLink Center in Omaha.  The title of the session is "How to Kick Start your Family's Succession Plan".  Beyl will discuss the risks involved in not having a plan in place, why you need more than just a will, and how to overcome some of the obstacles to getting started.  Beyl's sessions are Wednesday, March 6th at 12:00 noon and Thursday, March 7th at 1:00 p.m. in Seminar Room #1.

More Land Isn't the Only Way to Increase Revenue on Your Farm

by Water Street Solutions February 16, 2013

Everybody's thinking about farming more acres.  But what about squeezing more money out of the acres that you already have access to?  That's the idea that Darren Frye, President and CEO of Water Street Solutions talks about this month in AgriNews.  Read the column HERE.

Frye Speaks at Farm Management Seminar in Shenandoah, Iowa

by Water Street Solutions February 12, 2013

Farm Mgt SeminarDarren Frye, President and CEO of Water Street Solutions spoke to farmers today in Shenandoah, Iowa at a farm management seminar hosted by City National Bank.  Frye presented a session titled: Winning with Base Hits, where he talked about the importance of continuous good decisions, rather than swinging for a grand slam.  He also did a market outlook session for those in attendance.

What Do Lemon Drops Have to Do With Succession Planning?

by Water Street Solutions January 29, 2013

Top Producer 2013 lemon dropsHere's a bowl of 1,000 lemon drops.  Ben Metzger from Water Street Solutions used this to show a point when he spoke to young farmers at Tomorrow's Top Producer in Chicago today.

One thousand lemon drops equals one thousand first generation farmers.  During the business transfer from the first generation to the second, 70% will fail, leaving

300 lemon drops.  Ninety percent don't transfer from the second generation to the third, leaving

30 lemon drops.  And from the third generation to the fourth, we lose 96%, leaving

one lemon drop.  So one in a thousand farms makes it to the fourth generation.  The point is, planning helps.

New Estate Tax Laws and How They Affect Farmers

by Water Street Solutions January 29, 2013

bMetzger64The Congress made some changes to the Estate Tax laws at the beginning of this month - and that means the situation is different for estate planning.  Ben Metzger, Director at Water Street Solutions talks through the changes with Dewey Nelson from KRVN.   New Estate Tax Laws and How They Affect Farmers - Metzger AUDIO

For the text of the interview, click here: New Estate Tax Laws and How They Affect Farmers

About Water Street Solutions

Water Street Solutions helps farmers with profitability, using a business model that you won't find anywhere else. Experts in ag finance, crop insurance, commodity marketing and legacy planning work together on a plan tailored for your farm.

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