OFI 1352 : Replay: OFI 022: Adam Kline | Farm and Business Succession | Liability and Tax Protection

agribusiness, agricultural business coach, agricultural education, agricultural real estate, agriculture, agronomy, animals, branding your business, Business, business opportunity, business plan, cattle, coach, coaching, craigslist marketing, custom podcast production, drone business, entrepreneur, farm, farm coach, farm sitting, farming, ffa, ffa sae, growing a herd, high demand, high profit margin, how to buy a farm, how to market on craigslist, livestock, Marketing, mobile butcher, montana state university, organic farming, pastured poultry, permaculture, podcast marketing, regenerative farming, returning veteran farmer, rural development, rural living, sae, slow paying customers, small business, small business resources, start a business, training, urban farming, using a podcast to connect with customers, using craigslist for marketing

Today’s episode takes us back to interview I did many shows ago. An oldie, but goodie, Adam Kline takes us through business and farm succession planning strategies. He also talks about how to obtain a farm and some challenges that might come up and how to work through them.

Original Show Notes:

I would like to introduce you to Adam Kline this week. Adam is a business succession attorney with Bose McKinney & Evans LLP in Indianapolis, Indiana. He is from a farming family and is significantly invested in agriculture.

In this episode Adam helps us continue learning about obtaining our farms. There are many obstacles to entry for new farmers. Land, equipment and “know how” are just three of the potential obstacles. Farm succession planning helps both the transitioning farmer and the new farmer overcome all of these obstacles.

Adam has significant expertise in this area and lays out many great points and facts that one needs to know prior to transitioning a farm.

Adam’s interview is the next step in understanding how to obtain our farms. In episode #20 we talked about the International Farm Transition Program and different methods to locate farmers who are looking to transition out of their operation. In this episode we take the next step: what do do once you find the farm and farmer you are transitioning to.

SUCCESSION ADVISORS RECOMMENDED BY ADAM:

Kevin Spafford: Adam suggested Kevin’s company, eLegacyConnect, as a valuable resource for succession consulting.

Wittman Consulting: Adam also recommended Wittman Consulting as a valuable resource for succession consulting.

Transition Point Business Advisors: Adam recommended Transition Point Business Advisors as well when it comes time for your transition.