Letting Go
Yesterday, I was in Des Moines, Iowa for a Pioneer Seed sponsored NextGen conference. This conference is for the younger generation of farmers who are presented ideas on how to grow their business.
One of the sessions had three farmers from various parts of the country (Iowa, Texas and New Jersey) and one of the key points I got from the session was the idea of “Letting Go”. I have this issue myself where I think I can go something quicker and easier myself than “letting go” of it and having someone else not “do it as well”. Many times, they actually can do it better and quicker and as long as the result is what we want, we can only grow by delegating our time to others.
Our time is finite, but by delegating, we can grow the farm and more important, increase our quality of life.
Today, I give a talk on some common tax planning mistakes young farmers make. We also attended the Iowa State Fair last night and this fair is one of the better ones in America. You can tell that they have spent many millions of dollars on improvements and if you are ever in the area, I would highly suggest attending the fair.
NOTE – I have been a partner with CliftonLarsonAllen for almost three years now and we have elected to change the theme of this blog to more closely reflect our website. I think you will like the changes. Please continue to give us feedback on any changes you would like to see.
Paul Neiffer, CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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