About: Freddie Barnard | #1 Agriculture Finance Expert
Professor Freddie Barnard has interests include agricultural finance and farm management. He has had extensive experience in agricultural lending. Professor Barnard’s responsibilities include serving as director of the Midwest Agricultural Banking School.
The school is co-sponsored by the Illinois, Indiana, Kentucky, Michigan, and Ohio Bankers Associations and is held at Purdue University. In addition, he is the coordinator for the Indiana Bankers’ Agricultural Clinic. He also serves as the Secretary/Treasurer for the Indiana Chapter of the American Society of Farm Managers and Rural Appraisers.
Retirement planning is often an involved, complicated, and emotionally charged activity, as consideration is given to future income sources and amounts needed during retirement years.
The focus for many non-agricultural individuals is often on contributions to various investment instruments designed to provide the desired income stream while minimizing taxes as withdrawals and any disposition of capital assets are considered.
However, for many agricultural businesses, those aspects of retirement planning are just the beginning, because planning often includes the transition of ownership of an on-going business from a retiring generation to a younger generation.
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Travels from: Indiana, USA
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