Farm and ranch succession is a looming issue – an estimated 70 percent of U.S. farmland will change hands in the next 20 years. Are you ready?
Whether you’re transitioning to a farm management role, or you’ll be coaching new leaders to run a successful business, CHS Insurance is committed to providing you with the tools needed to successfully and efficiently transition the farm from one generation to the next.
Through its 20+ year relationship with Nationwide®, CHS Insurance is able to provide the Land As Your Legacy® transition planning program to its customers and member cooperatives. The goal of the Land As Your Legacy program is to ease the emotional and financial burden of transitioning the farm or ranch to the next generation through careful preparation.
Through educational seminars, CHS Insurance can help you connect with experienced advisors who leverage a team of attorneys, CPAs and financial planners at Nationwide to create a customized transition plan. The advisor leads your patron and their selected team of local professionals through plan implementation and review.
There is no cost to work with the team at Nationwide or the Land As Your Legacy advisor. Costs for legal documents, accounting fees, and if needed, insurance policies would be paid by individual producers only if they decide to implement certain elements of the transition plan.
As we head into the New Year, you have the opportunity to build deeper connections with your patrons by addressing the crucial need for farm and ranch transition planning. To learn how to more about this program, or to host a seminar at your location, contact us at CHSInsuranceLAYL@chsinc.com.