Farm transition plans are starting to include non-family members and it offers unique opportunities and challenges in succession planning. We will cover how transition plans have evolved, lending support, essential items, tools, economic pressures and policy items. Dairy Stream host, Joanna Guza, and guest Bill Oppriecht of Compeer Financial discuss the following topics:
Evolution of farm transitionsLender supportEssential itemsWhat’s driving the shift to non-family membersSuccessful example of a blended farm ownershipRisks for non-family membersLending tools or resourcesBiggest challengeEconomic pressuresAdvice to dairy owners who don’t have a successorPolicyReviewing transition plansSpecial thanks to Compeer Financial for sponsoring this episode.
Bill Oppriecht is a senior dairy lending specialist at Compeer Financial. He has been part of the Farm Credit System for more than 11 years, with the last six years focusing specifically on dairy operations. Bill grew up on a small dairy farm and uses that background to help support dairy producers in southern Wisconsin. Bill graduated from University of Wisconsin-Platteville, double majoring in ag business and animal science with a dairy emphasis. He is a member of Dairy Business Association, Professional Dairy Producers, Farm Bureau and the Wisconsin Holstein Association. Bill resides in southwestern Wisconsin with his wife, Heidi, and two sons, Alex and Evan. Success in Succession Planning series (1 of 3): How to get organizedSuccess in Succession Planning series (2 of 3): Financial analysisSuccess in Succession Planning series (3 of 3): Legal and mediationDairy Streamlet: Succession planning and creating generational wealthSuccession planning and creating generational wealthCompeer Financial is proud partner of Dairy Stream. Learn more about Dairy Stream sponsorship.
This podcast is produced by the Voice of Milk, a collaboration of individual dairy organizations working to improve the future of dairy farm families. Become a sponsor, share an idea or feedback by emailing [email protected].
Join us at Dairy Strong on January 14-15 in Green Bay, Wisconsin. Gain timely political updates, dive into the dynamics of producer-processor relationships and learn strategies to sustain a stronger future for dairy through innovation and collaboration. United together, we’re leading with purpose—one person, one policy and one farm at a time. To learn more, visit dairystrong.org.