26) Family Business Power And Control | Video

William L. Syrcle appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Identifying Family Business Power And Control Who reacts to whom? Answering this simple question is the starting point to identifying family business power and control issues. Power itself is a capacity and control is engaging the capacity. Some Laws Of Family Business Power And Control 1) Control is always negotiated. No one has control over […]

25) Assuming A Farming Operation | Video

William L. Syrcle appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Assuming A Farming Operation From The Assumer’s Perspective Most of today’s farming operations are generational in nature.  From the assumer’s (younger generation’s) perspective,  this usually means changing their role from follower to leader and from producer to visionary and motivator. This requires mentoring from the retiring patriarch, since experience is often as important as education. […]

24) Family Farm Transitions And Roles | Video

William L. Syrcle appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Family Farm Transitions Family farming operations are generational in nature, so family farm transitions often revolve around the “identities” of the two generations involved. Patriarch’s Perspective From a patriarch’s perspective, multiple changes have occurred within their lifetime.  These changes include education, size of operation, equipment required, expenses incurred, profit margins, variability of markets and land access. Together, navigating […]

23) Guest Interviews Host About Farm Exit Planning |Video

William L. Syrcle appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Farm Exit Planning – Guest William L. Syrcle Turns Table and Interviews Exit Plan Show Host Norman A. Hood In today’s episode, clinical counselor, executive coach and family business consultant, Bill Syrcle, turns the table and interviews financial advisor and host of The Exit Plan Show, Norman A. Hood, about his farm background and farm exit […]

22) Family Business Consultant, Bill Syrcle | Video

William L. Syrcle appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Family Business Consultant, William L. Syrcle, MS In today’s episode we interview family business consultant Bill Syrcle about his career up until now, what motivated him to enter exit planning, why he likes working with farmers and how he helps farm families execute an exit plan. Background A graduate of Western Illinois University, Syrcle holds an […]

21) Estate Planning For Farmers Video Tips

Darrell L. Dunteman appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Estate Planning For Farmers – Agricultural business consultant, Darrell L. Dunteman (Bonnett and Dunteman, LLC), finishes his series of episodes about succession planning for family owned farming operations. Best Practices – In today’s episode about estate planning for farmers, Dunteman discusses best practices for minimizing estate and gift taxes for agricultural business operations Review of gift […]

19) How To Avoid Farm Transfer Income Taxes | Video

Farm Transfer Income Taxes – This episode covers the use of installment sales, including the available options for transferring ownership of farm equipment and/or breeding stock. Guest agricultural business consultant, Darrell Dunteman, explains the recapture of depreciation problems that can occur in installment sales and explores other options such as selling individual pieces of equipment […]

17) Family Farm Succession Strategies That Work | Video

Darrell L. Dunteman appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Family Farm Succession Strategies – Have you explored all the family farm succession strategies? In today’s episode, agricultural business consultant, Darrell L. Dunteman, answers two common questions that are important to developing the right exit strategy for your farming operation. 1) Do you know when you should gift assets and when you should sell them? […]

15) Farm Business Valuation Basics | Video

Darrell L. Dunteman appears on The Exit Plan Show with Norman A. Hood, CExP and Host.

Farm Business Valuation – A farm business valuation is the first step toward successfully transitioning a family-owned farming operation to the next generation. Today’s guest, Darrell Dunteman, explains why a farm business valuation is needed and the difference between valuing a sole proprietorship versus an entity, such as a farm corporation, LLC, etc. Darrell L. […]

5) Where Do I Find Qualified Business Planning Advisors?

The Exit Plan Show with Norman A. Hood, CExP and Host.

Assembling Business Planning Advisors – Episode 5 is about how to use The Exit Plan Show to assemble the business planning advisors that make up your exit plan team. Let’s be realistic. No single professional possesses all the skills required to develop a sound exit plan. That’s why most exit plans require the services of business planning […]