Farm406

Farm406 Summer 2018 Iss 6

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49 farm406 ENCH NDUSTRIES I B ENCH NDUSTRIES I B • Fast Setup Time • Clean Any Bin Site • High Capacity • Low H.P. • Very Low Maintenance • Built To Handle Small Capacity • Screens Easily Change For Different Cleaning • Premium Rack-n-Pinion Slidegate With Crank • 25" Top Opening 24" Clearance Under The Slide Gate • Vented Top Lid - Spring Loaded & Ground Operated www.benchindustries.com www.benchindustries.com 1.800.977.6514 406.727.6514 Portable Air Screen Machine brian@benchindustries.com Meridian Grain Bins Mini Air Screen Machine Belt Conveyors Rental and Used Equipment Available Chickpea Sizing As a farm or ranch operation becomes bigger and more complex, managing the human resources, particularly family members, becomes the primary skill that will make a difference between success and failure. Leadership and teamwork is a function of having the right people in the right places, doing what they enjoy, having freedom to make key decisions and cooperating freely with each other. • Succession on family farms goes smoothly when parents cultivate interests, activities and goals that extend beyond farming. This will prepare farm families for transitions to retirement or semi- retirement. The foundation is laid for a collaborative relationship where farming goals are shared without competition or control issues spoiling relationships. Successful retirement planning is a function of a balanced lifestyle all the way through life. Retirement is sometimes resisted and reins held tight because of a fear of giving up the old life rather than anticipating the beginning of another satisfying phase of life. • Clear commitments and openness about estate and succession planning create an atmosphere of trust and cooperation in working for long term goals. Too many farm families delay estate planning until too late. Hardships and inequities are created through poor or no estate planning. Farming and non-farming heirs benefit by knowing retirement and estate plans. They can give important input that makes for better decisions and future family relationships. There is great power and commitment in a family business. Successful family businesses separate business and family concerns so that the business benefits from creativity and accountability that might be inhibited by the family's need for harmony. If done well, usually in a family business meeting, a family business can have the best of both worlds.

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