Mike Downey, agribusiness expert specializing in farm succession planning and founder of Farm Raised Capital, shares valuable insights into alternative real estate investments and the crucial role of succession planning for more than 300 family farms.We discuss the hurdles and prospects confronting the agricultural sector, such as weather fluctuations, market uncertainties, and shifts in farmland ownership dynamics. We also delve into the growing adoption of regenerative and organic farming methods, the challenges faced by young farmers entering the industry, and the potential of passive investments in assets like multifamily real estate for long-term wealth accumulation.Tune in to discover more about passive investing and farm succession planning.Enjoy this episode on your favorite podcast platform✅ Apple → https://podcasts.apple.com/gb/podcast/the-future-of-farming-and-wealth/id1625806145?i=1000649308230  ✅ Youtube → https://www.youtube.com/@hanneshenncheLet’s Stay Connected✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/Time Stamp00:00:11 - Mike Donnie's Expertise in Agribusiness00:02:12 - Society's Disconnect from Agriculture00:03:04 - The Educational Gap in Agriculture00:05:47 - Tax Incentives and Farmland Ownership00:06:25 - Succession Planning in Farming00:07:39 - The Rate of Internal Farm Succession00:08:04 - Challenges for Young Farmers00:09:01 - Technological Advances in Agriculture00:10:26 - Sentiment in the Farming Community00:11:35 - The Hurdles of Starting a Farm00:12:35 - Seller Financing in Farm Transitions00:13:50 - Specialized Farming and Profitability00:14:21 - Direct-to-Market Farming Trends00:15:41 - Soil Health and Farming Practices00:16:05 - Diversification Beyond the Farm00:19:00 - Leveraging Farmland for Other Investments00:20:10 - Self-Directed IRAs and Alternative Investments00:21:17 - Cycles Affecting the Farming Community00:22:40 - Global Events Impacting Local Farming00:26:44 - The Role of Land in Wealth Building00:29:53 - Regenerative Agriculture and Profit Margins00:30:33 - Vertical Farming and Urban Agriculture00:31:49 - Educating New Landowners on Soil Responsibility00:33:13 - The Value of Soil in Regenerative AgricultureQuote"Land is not just land, you know, land is the future in so many ways.""Compared to some people how they look at gold, they preserve their wealth on gold, our gold is farmland. That's where our gold is over time.""That's what led me to commercial real estate. It has a much easier barrier of entry, stronger cash flow, and better tax write-offs."#thepathtowellth #realestate #realestateinvesting #farmsuccessionplanning #agribusiness #multifamily #investment #investing #passiveinvesting #wealthbuilding 

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