Dividing your assets equally may kill your dairy
Oklahoma State University created a model that compares business and estate transition strategies and the probability of success. The results of the study show that dividing the assets equally among all heirs has the lowest success rate, and farms using that method usually don’t continue on to the next generation.
“If the goal is to keep the farm business in the family, then we know that an equal distribution of the farm assets is not feasible,” said Heather Schlesser, Marathon County Extension educator. “The owner generation must take responsibility for communicating the goals and justify why there is this unequal distribution,” said the Wisconsin-based extension agent.
Preventing food deserts: Group trying to help rural grocers
The Kansan
There is a trend of rural and small-town grocery stores in Kansas closing, and a group called the Rural Grocery Initiative has noticed.
“Over a 10-year period, from 2008 to 2018, we tracked 54 rural grocery store closures,” said David Procter, co-founder of the Rural Grocery Initiative.
One of those was Weaver Grocers in Hesston, which closed its doors in April 2018.
The city council of Hesston has had discussions in the past two years of what to do but to date, no one has stepped forward to fill the void. Grocery shoppers in Hesston now can head to Newton, Buhler, Inman, Moundridge or Goessel.
It made sense when consultant Julie Keyes said last week that the coronavirus pandemic has disrupted the plans of baby boomers who had hoped to sell their businesses. After all, it s disrupted nearly everything else.
The surprising thing was hearing that the boomers aren t necessarily delaying their plans, to let their business recover in a normal economy before selling. Instead many want out now.
The details of their stories are all different, Keyes said, but a common theme is how these business owners doubt they have enough strength left to own and manage a business through another crisis.
They just want to live and enjoy their lives before some other risk emerges. They are kind of waiting for the hammer to drop, she said.
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ke charge of your score. thanks you for joining us and thank you for welcoming me the past few weeks. ac 360 starts right thousand. the news tonight, a thundering silence and it s news because it is from a man not associated with it, donald trump. ten other candidates at a conservative forum in greenville, south carolina. a major event in a key primary state with ten candidates trying to make the most of it. donald trump was supposed to be the 11th here and instead at the last minute he pulled out, his campaign saying pressing had come up, a significant business transition with details to follow next week. then radio silence, in the middle of noisy criticism from both sides of the aisle how he handled this question at a town hall last night in new hampshire.