Virginia’s largest industry is agriculture, and approximately 90 percent of Virginia farms are owned and operated by individuals or families, according to the Virginia Department of Agriculture and Consumer Services. We understand that for a family-owned agricultural operation to be successful, it takes extra hours of dedication and hard work each day, a significant financial commitment, and patience to watch your business grow. This can make it difficult to separate business success from personal success when it’s all tied so closely together. We work closely with individuals on planning and achieving their personal financial success, aside from the ups and downs of business cycles.
Did you know that nearly 30 percent of Virginia farmers are 65 years of age or older, and the average farmer is 59.5 years old? Protecting personal assets and succession planning of a family business is a common challenge facing many today. We work closely with individuals and families to assemble and implement key pieces of a successful succession plan, including wealth development, estate planning, business structuring, and family communications. We also serve as facilitators to implement, coordinate, and lead a team effort with your attorney, CPA, insurance advisor, and other professionals to put a succession plan into action.
We work with a number of different industries within Virginia agriculture. Below are links with current news and information about a few of these industries.
If you are interested in learning more about how we can help you, please call or visit the Contact Us page. If we do not have the answers, we will work with you to find someone who does.