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Planning is one of the most important aspects of managing any business. This is especially true for farms and agribusinesses due to their complexity and to the inherent uncertainty (i.e. weather, commodity prices) associated with agriculture. Farm families are encouraged to adopt a whole farm planning approach as they develop strategies for the future success of their business. This approach allows families to examine the internal structure of their business and then develop business, retirement, transition, estate, and investment plans. Click here to read the full article on farm business planning:
