Heartland CU knows farms. That's why we were happy to help when Bill and Michelle Eaton wanted to pass on the family business to a new generation.

Watch the story to see how we helped the Eatons keep the farm in the family.

Have a question for our farm experts?  Whether you need a loan to market livestock, some advice on a new land purchase, or a business checking account, we're ready to help.  

Preserving Rural America

For many years, the installment sale was the way farms were transferred to new generations. The problem: Enormous tax consequences for everyone and unrealistic expectations for farm cash flow. At Heartland, we believe farmers have the right to control their own destinies – both for their families and their land.

That’s why succession plans are so important. The right plan lets farmers have the best of all worlds:

  • Enough money for comfortable retirement
  • Minimal tax burden for both sellers and buyers
  • Reduced need for farm cash flow after the sale
  • A fair distribution for all members of the family

But not all estate plans are created equal. Heartland’s Preserving Rural America program is succession planning designed specifically for farmers, and we’d love to tell you more about it. Send an email to Robin Marohn to take the first step.