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What you leave behind is almost as important as how you live your life. That’s especially true for those who own a farm here in Nebraska.
Your operation––whether it’s large or small, whether you’re growing corn or raising cattle––is unlike any other. It’s more than a family business. Farming is in your blood, it’s your roots.
Many of your farms have been passed from one generation to the next to the next, for possibly a hundred years. The soil you till and the fields you walk may be the same your father and grandfather tended. And it’s your dream to pass on that legacy to your sons and daughters. It’s why you work so hard, work long days, get up early, and then do it all over again.
As of late, however, the dream of passing down your farm may seem a bit more elusive. Times change, and so do the challenges.
You are one of the reasons Farmers & Merchants Bank exists. Unlike other banks, we’re right here in your rural communities because we care about you, your family and your farm. It’s our job to understand your needs and help you be successful.
A number of concerns might be plaguing you right now, as the harvest is over and you have time to consider your future. You may be wondering how to best pass down the farm to the next generation, all the while keeping it prosperous. You may be considering how the farm will support two or more families, and whether or not to lease some land or sell some land. You may need to modernize with new, more efficient equipment.
These concerns may linger from year to year, but when you’re thinking about your legacy, they are top of mind.
Legacy planning* with your Bank is always helpful to make smart decisions. We understand both agriculture and banking and can help you plan for the future. Whether you need to finance equipment with a long-term loan or refinance your farm with a low rate––or if you just need a sounding board to talk through your ideas, we’re here to help.
See, we’ve got our roots here, too. It’s important to us that your farm thrive now and in the future. Look for more emails coming soon that dig in and discuss specific topics about Legacy Planning for your farm.
For a consultation, contact us today to set up an appointment.
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