Successful Farming – August 2019

like another farm payment.

4

Long-term care issues are still issues.

What is the plan if either person ends

up in a care facility? Where will the

proceeds come from?

5

Beneficiary assets. IRAs, 401(k)s, etc.

can often be very lopsided in farm

situations due to previous contributions.

6

Minimize paralyzing assets. Consider

including language that allows the

farm to continue growing while generat-

ing income streams to owners and people

actively involved.

7

This is likely to be messy. Be prepared

to compromise to accomplish the end

goals.

Advice for the next

generation

1

Choose wisely.

Agriculture is challenging. Having a

spouse who understands is very helpful.

2

Communicate regularly. Everyone

talks about communication with

employees, but communication with

your spouse is equally – if not more –

important.

3

Prioritize faith and family over farming.

The order is good. People need to feel

valued. Your checkbook and your time

often show what you value.

4

Determine who is next. Anytime

multiple families are involved in an

operation, contingencies are needed that

address the potential of the four D’s.

Your problem can be solved, but there,

no doubt, will be some financial loss.

For those reading this, hopefully the

focus is on avoiding an issue like this

rather than having this be your story.

August 2019 | Successful Farming at Agriculture.com 69

This is likely to be

messy. Be prepared

to compromise to

accomplish the end

goals.

Products Use Notice for

“I Choose Results” Advertisement

for Roundup Ready® Xtend

Crop System

Monsanto Company is a member of

Excellence Through Stewardship® (ETS).

Monsanto products are commercialized

in accordance with ETS Product Launch

Stewardship Guidance, and in compliance

with Monsanto’s Policy for Commercialization

of Biotechnology-Derived Plant Products in

Commodity Crops. This product has been

approved for import into key export markets

with functioning regulatory systems. Any

crop or material produced from this product

can only be exported to, or used, processed

or sold in countries where all necessary

regulatory approvals have been granted. It

is a violation of national and international

law to move material containing biotech

traits across boundaries into nations where

import is not permitted. Growers should talk

to their grain handler or product purchaser

to confirm their buying position for this

product. Excellence Through Stewardship® is

a registered trademark of Excellence Through

Stewardship.

XtendiMax® herbicide with VaporGrip®

Technology is part of the Roundup Ready®

Xtend Crop System and is a restricted use

pesticide. ALWAYS READ AND FOLLOW

PESTICIDE LABEL DIRECTIONS. It is a

violation of federal and state law to use any

pesticide product other than in accordance

with its labeling. XtendiMax® herbicide with

VaporGrip® Technology and products with

XtendFlex® Technology may not be approved

in all states and may be subject to use

restrictions in some states. Check with your

local product dealer or representative or

U.S. EPA and your state pesticide regulatory

agency for the product registration status

and additional restrictions in your state. For

approved tank-mix products and nozzles visit

XtendiMaxApplicationRequirements.com.

NOT ALL formulations of dicamba or

glyphosate are approved for in-crop use

with Roundup Ready 2 Xtend® soybeans.

ONLY USE FORMULATIONS THAT ARE

SPECIFICALLY LABELED FOR SUCH USES

AND APPROVED FOR SUCH USE IN THE

STATE OF APPLICATION. Contact the U.S.

EPA and your state pesticide regulatory

agency with any questions about the approval

status of dicamba herbicide products

for in-crop use with Roundup Ready 2

Xtend® soybeans or cotton with XtendFlex®

Technology.

Roundup Ready 2 Xtend® soybeans

contain genes that confer tolerance to

glyphosate and dicamba. Glyphosate will

kill crops that are not tolerant to glyphosate.

Dicamba will kill crops that are not tolerant to

dicamba. Contact your seed brand dealer or

refer to the Monsanto Technology Use Guide

for recommended weed control programs.

Bayer and Bayer Cross Design, Roundup

Ready 2 Xtend®, Roundup Ready®,

VaporGrip® and XtendiMax® are registered

trademarks of Bayer Group. ©2019 Bayer

Group. All rights reserved.

MDIC-19040-SF-081019-LC

JUST

$^20!

Whether you’re a serious

collector or just appreciate

the way things used to be,

every issue brings you:

Full-color photos and

fascinating facts about

America’s greatest

antique tractors

Tours of treasure-hunters’

barns and sheds

Smart restoration tips

to keep your heritage

iron looking great and

running smoothly

Right-now prices for

must-have models

Don’t miss an issue –

get a FULL YEAR

for just $20!

Take

a trip down

memory lane

Find out how at

agelessiron.com/order

•

•

•

•

#190227