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Showing posts from April, 2019

Observations on Ways to Make Farm Profitable for the Next Generation

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In last month’s article we discussed whether or not the next generation can afford to take over the farming operation.I received a lot of feedback on the article and one response stuck with me.The question was posed, if the farm is not making ends meet now, how can it then be profitable to the next generation, especially being profitable enough for to bring in the next generation? It was a very good question and had me thinking on a response for quite some time.I will first lay out a disclaimer (we attorneys are good at doing such) and say that I am not a farm economist.Nor am I versed in financial advising.In addition, not every farm is going to be helped by what I write in this article, nor is what I write about a good fit for everyone.I am merely going of off 14 years of law experience and having worked with hundreds and hundreds of farmers running just about every type of farm operation there is.Here goes:
1.Farm Structure:The sooner a famer can structure their farm as a legal enti…

Michigan Farm News has Schwarz in Recent Succession Article

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Nicole and husband Rafe Ward became sole proprietors of Eastman’s Antique Apples LLC in 2018. Since then, the couple has focused on the hard cider part of the business, not just selling apples. Today, their hard cider business, Forgotten Ciders LLC, distributes product on-site at 1068 W. Midland-Gratiot County Line Road in Wheeler, Mich., as well as at the Midland Farmers’ Market and bars, restaurants, and party stores across the state.

Succession Planning Part 2: When creating a succession plan, farmers should think of ‘breaking the farm apart’March 20, 2019 Category: PeopleCrops
by Mitch Galloway | Farm News Media
WHEELER — The paper signing is a blur now to Nicole Ward, who is a year removed from taking over a 14-acre apple orchard in Midland County. Yet, what isn’t blurry or fuzzy or grainy for the apple grower and cider maker from Wheeler, Mich., is the image of the white farmhouse — the one where her husband’s grandparents couldn’t live in “by themselves” and where the whole p…