Farm Family Dynamics facilitates exit strategies for retiring farmers, farm transition plans, farm family business organization and strategic planning. Our phased approach takes away the anxiety and puts you in control of your family farm decisions, creating generations of thriving farm families.
Let us make you feel at home; in your home or a local coffee shop. We look forward to meeting your needs personally and specifically.
Farm Family Dynamics LLC was founded in 2011 by Joe Kluender ACFBA, FFI Fellow. Joe grew up on a family farm in southern Minnesota, eventually becoming the third generation farm owner. During the twenty-five years that Joe operated the farm, Joe developed an intimate relationship with the land and an understanding of the emotional issues surrounding family farms. He developed his expertise in farm family dynamics by earning a certificate in Family Business Advising from the Family Firm Institute in London, England in 2009. Prior to forming Farm Family Dynamics, LLC, Joe was an agricultural business consultant for nine years at LarsonAllen, LLP.
Farm Family Dynamics specializes in facilitating estate plans and exit strategies for retiring farmers, farm transition plans, farm family business organization and strategic planning.
A history of successful planning, and more importantly, successful family transitions - the way you go about it matters.
Phase One: Background
The first step involves meeting you at your farm to listen to your concerns. Each family farm has unique issues that create anxiety and/or threatens the relationships of your farm family. Following our meeting you will receive a written proposal for addressing your issues including a fee estimate and timeline.
Phase Two: Developing the Plan
We involve all stakeholders in developing the plan. We will explore multiple options and together create a “formal” plan to address your farm’s needs. The plan may address multiple issues: e.g. legal structure, cash flow, communications, tax considerations and business organization.
Phase Three: Implementation
Before we put your plan into action we’ll have a family meeting. We include your accountant, lawyer, and other trusted advisors in the process. The plan of action is documented in a final report.
Phase Four: Follow up
We facilitate an annual meeting that holds your farm family accountable to the action plan. Consensual changes to the plan are documented, which helps promote communication and understanding.
We want to help you achieve your goals, and now we have even more to offer.
Backswath and Farm Family Dynamics have entered into an Alliance with the intent to enhance the value provided to our clients. An alliance initiative can be defined as multiple parties agreeing to collectively focus their marketing, research, and business development efforts.
Backswath and Farm Family Dynamics both provide a range of services and products such as farm business management consulting, succession planning, financial and general business analysis, benchmarking, human resource management, software development and sales, and peer group facilitation.