Farmers seek financial advice
date:Aug 07, 2012
dilution of government subsidies or a large crop-price decline, he said. Advisers should also ask whether the farmer has an estate plan, he said. How many farmers die and lose the farm because the kids can't pay the estate tax?
Advisers should ask clients--especially those in hard-hit states such as Iowa, Indiana, Missouri and parts of Nebraska--whether their risk tolerance has changed, Mr. Weylman said. Dramatic and frightening events may change an investor's outlook, and advisers who continue
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