The best succession plans start early and allow a gradual transition, slowly and continually providing opportunities for the next generation to develop the skills they will need to take over the business. At the same time, this transition allows the older generation to evaluate the potential successors, grooming and developing them based on their desire to take over the business, and their aptitude and skills to continue its growth and prosperity...



When profits are up it’s easy to think about what your lender can do for you: finance new equipment, maybe a new building or a land purchase.  When times get a bit more stressful however, your lender may not be on your radar as someone to turn to for  help. It’s important to know that we are here for you both in good times and bad...  







Stop Worrying, Start Planning
We Are Here to Help: Preparing for Estate Planning

It’s a Thursday evening. Chores are done, the bunk’s been covered, and supper was an hour ago. You’ve been thinking about the future while you stare at whatever show is flashing on TV – what’s going to happen to the farm? Is the next generation ready to take over? You know you’re not going to live forever, but how does this all work? How will your living expenses be covered if you no longer operate the business? What exactly will you do in “retirement”? Perhaps it’s time to start the discussion...
 









Williston, Vermont (November 8, 2018) Yankee Farm Credit today announced third quarter financial results for 2018. Yankee is a farmer-owned credit cooperative serving Vermont and parts of New York and New Hampshire. Quarterly earnings were up from the prior year, and loan quality has worsened slightly.  Yankee’s overall level of capital remains strong...








The first defense in making it through low milk prices is knowing your net cost of production and/or your breakeven milk price. When you have a solid grasp of where you stand financially, you will know more precisely how much cash will be needed to keep afloat...

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