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Successful Family Business Planning

This Iowa family owns a dairy farm. In 1982, the family's youngest adult child, Joe, returned home to begin farming. A year later, his father died. The farm operation was left to his mother, but he wondered what his opportunities would be on the farm. Since Joe had four non-farm siblings and didn't have the assets to buy out the farm, it was important to start family business planning. Open communication and transparency with all family members were top priorities during the planning process. Learn more about this family's business planning experience.

For more information about family business planning, find a Farm Bureau agent now.

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