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BILT Sits Down with NBC's Jerod Smalley and Discusses New World of NIL and the Impact of the BILT Model
Succession Planning for Those Who Feed the Heartland
Key Indicators of Legacy Risk in Agriculture
•Succession Plans: According to Aimpoint FOF and other farmer surveys, a little over 50% of farmers have done some level of succession planning.
•Business Structure: The vast majority of farms have no formal business structure. About 86% of farms are in sole proprietorships. A business entity can support liability protection, taxes or variety of other areas, but also comes with some drawbacks.
•Local Economics: Rural/urban growth patterns impact quality of life, labor pool, infrastructure, local market demand, regulation and asset value.
•Growth of Commodity: Farm sector or commodity growth/decline impact legacy risk.
•Land Leaving Agriculture: A significant portion of farmland and ranchland is on pace to be paved over, fragmented or compromised.
THE SOLUTION
A Tool to manage assets
A Tool to manage assets
BILT Connections has licensed a novel technology researched and developed by professors and lawyers at The Ohio State University.
Together, we are seeking funding to develop the beta prototype which will operate as a user-guided experience with step-by-step instruction. Think TurboTax for agricultural asset registration.
THE TEAM
Chimdi Chekwa, CEO/President
Ag. Marketing Expert, Former OSU Football All-American
David Marrison, Strategic Advisor
OSU Director of Farm Financial Management & Policy Institute
Atty. Robert Moore, Strategic Advisor
OSU Ag. & Resource Law Program
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