May 2024 - 30

BUSINESS
Quarterly planning meetings
These will address longer term issues, such as crop
planting plans, land acquisition and financing, irrigation
and fertigation, manpower needs, equipment purchases
and tax planning. All family members should attend
these meetings to help avoid misconceptions about the
operation's direction.
Annual review meetings
Each family member (and maybe non-family managers)
should understand the farm's operational and financial
results. Which parts of the operation performed well?
Which parts need work? Were you profitable? If so,
what will be done with those profits? What changes are
recommended for the coming year?
These meetings build trust among the family members
and managers, and that trust is essential for a successful
transition plan. Meeting minutes need to be recorded
to help define an operation schedule, giving the family
a record of what was done, when it was done and why
it was done. This roadmap of the operation will prove
invaluable in the event of a member's death or incapacity.
Succession planning is a process, not an event.
Engaging the entire family, the attorney and CPA along
with a succession advisor will increase your chances for a
successful succession plan that can last for generations.
Disclaimer: Michael A Cohen, CRPC, CBEC is a
founder and managing member of Agribusiness
Succession Advisors, LLC. Mike has over 40 years
of experience providing succession planning and
estate planning for successful farm families and
other closely held businesses. Michael A. Cohen
is a registered representative of Lincoln Financial
Advisors Corp. Securities and investment advisory
services offered through Lincoln Financial Advisors
Corp., a broker/dealer (member SIPC) and
registered investment adviser. Insurance offered
through Lincoln affiliates and other fine companies.
Agribusiness Succession Advisors, LLC is not an
affiliate of Lincoln Financial Advisors.
CRN-5844716-072823
Michael A Cohen, CRPC, CBEC is a founder and
managing member of Agribusiness Succession
Advisors, LLC. Mike has over 40 years of experience
providing succession planning and estate planning
for successful farm families and other closely
held businesses. Michael A. Cohen is a registered
representative of and offers securities and advisory
services through Lincoln Financial Advisors Corp.
(member SIPC). Agribusiness Succession Advisors,
LLC is not an affiliate of Lincoln Financial Advisors.
30 | MAY 2024

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May 2024

Table of Contents for the Digital Edition of May 2024

Editor's Letter
Biologicals: Advancing research in biocontrols
Cover Story: To price or not to price
2024 Farm Market Report
Grower Profile: Great Bear Vineyards' organic journey
Organic Grower Spring 2024
Business: Improving the odds
Farm Market & Agritourism: What's the difference between markup and margin?
Classifieds
Advertiser Index
May 2024 - 1
May 2024 - 2
May 2024 - 3
May 2024 - Editor's Letter
May 2024 - 5
May 2024 - Biologicals: Advancing research in biocontrols
May 2024 - 7
May 2024 - Cover Story: To price or not to price
May 2024 - 9
May 2024 - 10
May 2024 - 11
May 2024 - 12
May 2024 - 13
May 2024 - 2024 Farm Market Report
May 2024 - 15
May 2024 - Grower Profile: Great Bear Vineyards' organic journey
May 2024 - 17
May 2024 - 18
May 2024 - 19
May 2024 - 20
May 2024 - 21
May 2024 - 22
May 2024 - Organic Grower Spring 2024
May 2024 - 24
May 2024 - 25
May 2024 - 26
May 2024 - 27
May 2024 - Business: Improving the odds
May 2024 - 29
May 2024 - 30
May 2024 - 31
May 2024 - Farm Market & Agritourism: What's the difference between markup and margin?
May 2024 - 33
May 2024 - Classifieds
May 2024 - Advertiser Index
May 2024 - 36
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/december-fgn
https://www.nxtbook.com/greatamericanmediaservices/FGN/fgn-vgn-40-under-40-class-of-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/buyers-guide-2024
https://www.nxtbook.com/greatamericanmediaservices/FGN/november-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/october-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2023
https://www.nxtbook.com/greatamericanmediaservices/FGN/december-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/november-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/buyers-guide
https://www.nxtbook.com/greatamericanmediaservices/FGN/october-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/buyersguide-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2022
https://www.nxtbook.com/greatamericanmediaservices/FGN/december-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/november-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/october-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/buyersguide-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2021
https://www.nxtbook.com/greatamericanmediaservices/FGN/december-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/november-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/october-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/buyersguide-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2020
https://www.nxtbook.com/greatamericanmediaservices/FGN/december-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/november-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/october-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/september-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/august-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/july-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/june-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/may-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/april-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/march-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/february-2019
https://www.nxtbook.com/greatamericanmediaservices/FGN/january-2019
https://www.nxtbookmedia.com