Farm Family Podcast: Episode 54 -Financial Wisdom for Young Farmers

Episode 54: Financial Wisdom for Young Farmers

In this episode, I sit down with Dr. David M. Kohl, Professor Emeritus of Agricultural Finance and Small Business Management, for a conversation about what it really takes for young farmers to build strong, lasting farm businesses.

We discuss why transition is not just a handoff but a transformative process that requires transparency, honest financial assessments, and the courage to face tough realities head-on.

Dr. Kohl explains why starting with a clear resource assessment matters, how cash flow planning shapes long-term success, and why written goals act as a compass when the road gets messy.

This episode offers young farmers, founders, and successors alike practical wisdom, fresh perspective, and encouragement to move from uncertainty to clarity — and to see transition not as a burden, but as an opportunity to strengthen both the farm and the family behind it.

“Transition management can be regenerative or it can be destructive. One of the things that makes it very destructive is no transparency in the financials.” – Dr. David M. Kohl

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