Posted by NY 986 on November 24, 2015 at 15:05:19 from (97.47.1.159):
I was talking to a younger farmer friend and we got to talking about how certain operations locally got to be what they are today. I mentioned one operation and pointed out that when he was too young to care about such things the patriarch at the time had left his boys a very large sum of money via life insurance. How do I now this? Simple, the neighborhood insurance agent made this family his selling point to at least me. My friend is a very smart person but he had never given much thought as to insurance and its role of preserving and/or growing the business for the next generation. He is fortunate that he is plenty young to do something that will have a large impact in the future. I wish my ancestors had given this more thought but I am not sure how much they could have done. I was wondering if anybody had any stories to share as to how maybe a shrewd financial plan had positively impacted their business.
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Today's Featured Article - On the Road with Dave Gohl: Tractors and Farming - by Dave Gohl. I never thought I'd live to see the day, when I could call myself a farmer. What allows me to say this? Well, when our family moved to our 20 acre site near New Prague, Minnesota, I had one thought in mind. You guessed it, farm it somehow. A little history is in order. In my younger days, mom, dad and my brother made frequent visits to dad's youngest brother Pete, who took over the home farm from grandpa MIke. It was the typical set-up, milk cows, pigs & chickens. In the winter, we'd play
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