Nov 11 2024 64 mins 1
In this episode, Rena Striegel and Ron Rabou welcome Wally Thomas, owner of Morsen Services, to discuss the challenges and strategies around farmland acquisition and succession planning. Wally shares his insights on the current farmland market, the importance of long-term planning, and how to structure loans to support both young and established farmers. The conversation covers topics such as loan amortization, emotional vs. strategic land purchases, and effectively communicating within farm families during the succession process. This episode is a must-listen for any farm family navigating the complexities of growing their land base and transitioning the operation to the next generation.