In this episode, Taylor Henry interviews Johnny Klemme, an award-winning farmland advisor, broker, and auctioneer. They discuss the critical issues surrounding farmland succession planning, the emotional and financial dynamics of family farms, and strategies for successful transitions to the next generation. Johnny shares insights on the importance of early conversations about succession, the role of trusts and partnerships, and the impact of 1031 exchanges on land investments. The conversation also touches on the emotional attachments to land, the importance of documentation, and the potential for conservation easements to preserve farmland for future generations.

Important Links from Today’s Episode:

Members site: https://members.acresusa.com

Acres U.S.A. Homepage: https://www.acresusa.com/

Acres U.S.A. Memberships: https://eco-farming.com/

Johnny’s Book: ‘American Family Farmland: Preserving Values and Creating Wealth’

Johnny’s Website: https://gfarmland.com/