A Drovers article
It’s easy to pour everything back into the ranch, but that strategy can unintentionally break the legacy if life deals an unexpected card and transition plans aren’t strategic.
“Almost everyone says, ‘Well, my equity is in the farm,’” shares Donavon Wagner with Wagner Financial Services in Bismarck, N.D. “The issue with that is someday health issues happen, or they get old and can’t make it work on their own anymore.”
Wagner grew up on a farm and has more than 40 years of experience as a financial advisor. His experiences allow him to help other farmers, ranchers and business owners build financial strategies unique to their operations, lifestyles and goals.
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