Are you at the point where you’ve got to decide: do we stay or do we go? Do you struggle with making the decision of selling the family farm versus keeping it? At Dunncreek Advisors in Minnesota, we can explain your options to you and your family in hopes that you can make the best decision financially for everyone involved. Read Full Article
Does your family have a family farm that lately has been causing more headaches than happy memories? Let’s face it. Managing a farm on a daily basis is no easy task. While it may have been successfully run in the past by other generations, it doesn’t mean that you are required to keep it going. If your family farm is too difficult to maintain and is causing friction within your family, keeping this farm for the long haul may not be the right move. At Dunncreek Advisors, we aren’t here to make this difficult decision for you, but we are here to help guide you through this and ensure that the financial side of the decision is taken care of for you. Read Full Article
A critical link in the chain that makes a smooth and productive transition to the next generation is an effective estate plan. Here are a few things to review to be sure you are on track. Read Full Article
For your farm business to successfully transfer to the next generation, you will need enough cash flow to support two family units at least for a time.
Commodity harvest is in full swing across the Corn Belt. Prices are low, as usual this time of year, but also about half what they were three harvest seasons ago. Most operations will be challenged to show any true profit in this crop year. Read Full Article
Poet Robert Browning said “less is more.” As we work toward our financial goals, we should stay focused on less things.
Many humans, like me, have a tendency to make things more complex than necessary. As we work toward financial goals, let’s keep things simple and let’s start with avoiding “unforced errors.” Read Full Article
Have you ever asked yourself life’s most important question, “what is the point to what I am doing?” Or maybe it’s more like, “why am I am doing what I am doing?” For our farm clients at Dunncreek Advisors, it’s a valid question that runs through the minds of every farm owner that walks through our doors. Honestly, have you thought about what your purpose is? Many of our clients come in and tell us that they are working hard and building something that will hopefully bless their next generation. However, is building up your farm truly going to bless others? Is it your true purpose? Dunncreek Advisors can help to be a third party resource when important decisions like your farm legacy come into play, regardless of your purpose. Read Full Article