Farmers & Land Owners

Our company, Dody Legacy Group LLC, is able to help farmers with financial planning and decisions because we understand what makes farmers different and how to best approach the future. Many of our team members are farmers themselves and we believe this is what truly gives us our expertise in helping you with your comprehensive financial plan. Although all farms are good, what makes a farm great is its ability to succeed through future generations. With our assistance and guidance, we will strive to reduce your worry about the stability of your farm and its finances going forward.

Landowners, agribusinesses, and farmers alike all need specialized opinions when it comes to managing their money and protecting their assets. Our goal is to tailor every financial plan to the needs and goals of the individual in such a way that he or she feels confident in the years to come. Not only do farms contribute greatly to the American economy, but they also protect our foods and continue the growth of each crop in a natural and effective way. Dody Legacy Group LLC wants to play our part in continuing the art of farming for both the individual and our nation’s sake.

Whether it is managing your investments, planning for the future, giving back to charity, protecting your assets, or whatever other service you may need, we are here to help. Every member of our financial team has a passion for agriculture and helping your business thrive. Contact us today to learn more about how we can help you take the next step toward financial longevity and security.

Estate Planning

As a farm owner you need to be continually thinking about not only the present, but also the future. Your farmland is not a liquid asset and because of that, settlement problems may arise. The best way to ensure a smooth transition from one farm owner to the next is by estate planning. Essentially this is a framework for the disposition of your assets at the time of death. Not only will this protect your land, but it will also provide for the needs of your family and may help reduce high inheritance taxes. By creating an estate plan with us, you can go forward knowing your farm and your family will always be in good hands.

Succession Planning

In 2008, the Cooperative State Research, Education and Extension Service (CSREES) reported that about 70% of U.S. farmland would experience a change in ownership by 2028. This being said, when passing on a farm and all that comes with it, the owner has many important decisions to make regarding its future. Farmland can be passed on to relatives, employees, outside parties, and even charities. Even after this decision is made, however, many more remain. Succession planning with our team means making these decisions together and making sure your farm will remain economically sound and continue on with the legacy you desire.

Asset Protection

Protecting your assets means getting to know you, your values, and your priorities. We want to know what is important to you and protect that from any unexpected occurrences in the future. Asset protection allows us to work with you to plan for the future, protect your farm and personal assets such as wealth, future income, and property from liabilities and guide the process of transferring assets on to future generations.

Investment Management

Investing in the future requires a lot more consideration than simply what assets you can allocate to a venture. Our team takes all factors into consideration such as your personal timetable, risks involved, taxes, and more to help you invest smarter. As we work with farmers daily we see investments that have gone wrong due to a lack of research and we recognize how we could have prevented them. Before you fail to properly manage an investment, let us help you make a more educated decision through our careful process and expert advisors.

Long Term Care

Our approach to long-term care is multifaceted and includes a combination of both long-term care insurance and disability insurance. The first of which protects your assets so that no matter what happens in the future, your land is safe. The latter protects your income in the case of injury or illness. If you are no longer able to work and provide for your family, disability insurance protects your family by providing you and your family with a portion of what you would be making if not you were not disabled. Furthermore, when it comes time to retire, long-term care planning will protect your assets and income even when you are no longer working.

Wealth Management

In order to best help you manage your wealth we follow a three-step process of creating a plan, monitoring your plan in action, and making changes as needed. This management plan draws from several different areas of finance such as accumulation and retirement income plans, investments in stocks, bonds, and/or mutual funds, insurance products, third-party management, and more. By getting to know you and your farming goals, risk tolerances, goals, expected returns, and values we are able to manage your wealth and make your money work for you.

Charitable Planning

When a charity or organization matters to you, it also matters to us. No matter what your philanthropic passions are, we are here to help support them by creating a financial plan that includes charitable giving within its budget. Not only that, but as a result of your giving we may also be able to find tax deductions that end up saving you money as you give. In all areas of finance, even giving, our team of advisors can help make the most of your financial plan and wealth.

Financial
Planning

Financial planning involves tailoring our services to your needs and values. We look at each of our clients, get to know their farms, families, and financial status and then help them to crystalize their objectives and goals to make their money go further. Whether its protecting your farm and family, planning for the future, or managing investments, our team will help you take the next step towards financial security.

Buy-Sell Agreements

A buy-sell agreement is a legally binding contract between co-owners of a farm that sets in place a plan in the case of one owner's death or leaving of the business, regardless of the circumstances. Essentially this agreement provides a protected way out of farm ownership if needed. Our team works with you to employ life insurance in such a way that the business will not struggle financially even in the case of a co-owner’s death.

Key Person Considerations

A farm is only able to run its best when all of the employees and owners work together and share common goals. But what happens when a key-member of the team passes away? That is where our company can help by providing a form of insurance that will compensate the farm owner in the case of a loss. This insurance protects the farm from a loss of sales, credit, and work force and can be used to find another worker to take his or her place. When you think of your farm’s employees, is there one employee you cannot imagine working without? Does this member bring skills and ideas that no other employee can? If so, we can help you protect your farm even in the case of this worker switching employers, becoming disabled, or dying.


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