Eastern Iowa Farmer Fall 2017

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the next generation at Peoples Company DeWitt office. The Clive, Iowa-based company specializes in land brokerage, management, investing and appraisals. Whether a person is a hands-on farmer or a landowner whose stewardship guides the agricultural legacy of a piece of ground, it boils down to making decisions. “A farm is absolutely a business,” said Alan McNeil, a sales associate in the DeWitt office. “It must be passed on as such.” That is part of what inspired Steve Bruere, the president of Peoples Company, to spearhead a “white paper” about succession planning that was easy-to-understand and also a tool people could use for their own process. “When you think about farmers and farmland, very rarely do we get a call from a farmer who says, ‘I Eastern Iowa Farmer Photo / contributed Peoples Company team members pictured include Alan McNeil, Doug Yegge, Steve Bruere, Jared Chambers, Shelby Spratte and Kyle Walker. want to sell my land,’” he observed. “Usually what drives our business is a death. I see it time and time again. There are times when parents put a plan in place for family. Without a plan, I see great farm families get destroyed. There are arguments over intentions and what’s fair.” Peoples partnered with the Practical Farmers of Iowa to produce the 36- page piece, which includes narrative stories from farmers and academic, Trucks...Trucks...Trucks!!! Eastern Iowa’s LargEsT selection of Pre-Owned Trucks! Thiel MoTor SaleS inc. f 563-659-9309 • 800-605-2252 Many hEavy duTy and dIEsEL Trucks www.thielmotors.com 911 Westwood Dr. • DeWitt, IA 52742 94 Eastern Iowa Farmer | fall 2017
the next generation financial and legal experts. The book, which was released in March, is full of tips and resources that help to guide the succession-planning process. The guide – “Your Farmland and the Future: Setting Goals, Taking Action” – was authored by Teresa Opheim, senior fellow with Practical Farmers of Iowa and editor of the book “The Future of Family Farms: Practical Farmers’ Legacy Letter Project” (University of Iowa Press 2016). To download a copy, visit peoplescompany.com/company/farm-succession-planning. For a copy of the guide, contact Peoples Company, info@PeoplesCompany.com or (855) 800-5263. Bruere grew up on a farm in Warren County and is an off-farm heir of the family farm that his parents and older brother run. He understands firsthand what the future holds for him and others of his generation. “This is a topic near and dear to me,” he said. He sees the struggle it is for young farmers to build capital and acquire machinery. He’s also seen those same farmers struggle when a parent or other relative dies and ownership of the land becomes complicated and/or expensive. “If there’s not a plan in place, people’s lives can get turned upside down real quick,” he said. “Using conservative estimates, nearly 50 percent of Iowa farmland could transfer in some form or fashion over the next 20 years,” Bruere wrote in the white paper’s introduction. With that in mind, he and others on the publication team talked about what topics would be important to include and how to make the information accessible. “Previous things written about this topic are very technical and academic. We were trying to get people to read this,” he said of the decision to include many first-person stories. “We’re hoping this white paper serves as a wake-up call for those who need it, and a reminder for those in the process to commit to seeing it through.” n “If there’s not a plan in place, people’s lives can get turned upside down real quick.” — steve bruere AGRICULTURE IS LIKE NO OTHER BUSINESS, WHICH MAKES US LIKE NO OTHER LENDER. nobody finances agriculture like farm credit services of america. Financing agriculture isn't just one thing we do – it's all we do. So along with our attractive rates, money-saving services and management tools, you can benefit from an entire organization dedicated to your business and people who work for your success. Discover the difference. it pays to know agriculture. see for yourself by calling 800-659-5141 1621 11th st. DeWitt, IA 52742 Seth Smith Coon River Farms, Inc. Conventional & Organic Grain & Cattle Producer fcsamerica.com/smiths fall 2017 | Eastern Iowa Farmer 95
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Eastern Iowa Farmer Fall 2017

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