Your host, Greg Lewis talks to Jeff Aiken, President Tennessee Farm Bureau, on the future of the family farm and what the Tennessee Farm Bureau is doing to support farmers in Tennessee and across the nation. Mr. Aiken and his wife, Carol, own a multigenerational family farm located near Telford, in East Tennessee, in addition to his responsibilities as President of the Tennessee Farm Bureau, the largest state Farm Bureau in the nation, located in Columbia, Tennessee.
Of the 2.1.million farms in the United States 97 percent are family owned operations.
Family farms have a multitude of issues to worry about. Whether it is high taxes, increasing regulatory burdens, and trouble selling their products internationally, it seems like government bureaucracy is making it harder to run a family farm today. It is becoming even harder for farms and agribusinesses to successfully transition their farms to the next generation because the process seems too complex and intimidating to their owners.
In this episode Mr. Aiken will share:
-The importance of family values to building a legacy for your family and your business
-How important succession planning is to protect the family farm
-What the greatest threat is to the family farm today
-How estate taxes are threatening the future of the family farm
-The importance of the 2018 Farm Bill to the family farm
-What affect China tariffs on imports are having on the US economy
-And much more
As a special gift for joining us for today’s edition of Family Business Today, we would like to send you a FREE COPY of our e-book on “3 Ways to Succeed in Family Business.” Simply email us at firstname.lastname@example.org and respond “3 Ways to Succeed”.
To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. For more information on the Tennessee Farm Bureau visit their website at www.tnfarmbureau.org