In this episode, I sit down with Amber Meyer, Certified Financial Planner with TruStone Wealth Management, for an eye-opening conversation about how financial realities and family expectations shape the success (or the struggle) of farm transitions.

Amber brings years of firsthand experience helping multigenerational farm families align money, mindset, and legacy. Together, we explore the biggest hurdles keeping families from "getting to the table," from unspoken assumptions and generational gaps to the tough math of cash flow, living expenses, and retirement readiness.

Amber explains why clear communication, realistic asset valuations, and early planning are essential to keeping both the business and the family intact. We also talk about creative ways to make transitions viable—from custom work and diversified income streams to using tools like trusts and lifetime transfers to balance fairness with financial sense.

If you've ever wondered how to start these conversations or how to keep them from derailing, this episode will help you see that peace and profitability can go hand in hand when families commit to transparency, teamwork, and communication.

Access the full show notes for this episode at elainefroese.com

Discover more about our guest: Amber Meyer, CFP APMA

Elaine Froese Resources:

• Watch this episode on YouTube.
• SPEAKING - book Elaine for your next event
• COACHING - find your Farm Transition Coach
• MEMBERSHIP - Join the Farm Family Harmony Membership waitlist
• RESOURCES - download for FREE
• CONTACT - take the next steps in your transition
• BURNING QUESTION? Submit it here for Elaine or her coaches

Timestamps

0:01:55 - Amber's background growing up on a farm in North Dakota 0:04:34 - Discussion of generational gaps in farming 0:08:34 - Financial inventory and assessing farm viability 0:11:53 - Advice on saving and investing for young farmers 0:17:06 - Importance of wills and estate planning 0:21:37 - Setting realistic land and asset valuations 0:24:04 - Fee structure for financial advisors 0:28:58 - Who typically drives the farm transition process 0:33:56 - Key advice: Communicate, communicate, communicate