After six long years of debate, soul searching and stops and starts, the Moes family is hoping to sign final transition plans this summer. The hang-ups have been many, and there are still some knotty details to work out. But Greg and Jim Moes, along with Greg’s sons, Scott and Jacob, and Jim’s son, Matt, have reached consensus on how the 2,000-cow dairy operation that sits 10 miles east of Watertown, S.D. will be transferred.
The transition will be phased in over 10 years, at which time Scott, Jacob and Matt will each own 25% of the business, and Greg and Jim will retain just 12.5% each. Greg and Jim will also still retain ownership of 1,000 acres of land, which they will continue to lease to the operation.
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