Description

Today, my guest is Shelby Bothun. We don't really spend that much time talking about the substitute aspects of law, but Shelby is a lawyer in North Dakota who focuses on estate planning in the agricultural community. And owes it to her roots as an agricultural insurance agent and the fact that her family has been in the agricultural business for a couple of generations now. What I find fascinating is to learn how much I didn't know, frankly, about the agricultural business on a large scale in the Midwest. Many people have this romanticized version of what a farmer or what it means to be a farmer, but really, I should think, more along the lines of a big corporate business owner, because that's what farmers are. This is a fascinating conversation, and I hope you enjoyed it as much as I did. 

In this episode, Neil and Shelby discuss:

• Why an agricultural economics degree is so marketable in the Midwest. 
• The importance of service in an industry with identical products. 
• Facilitating the transfer of wisdom, not just assets. 
• Working around the crop seasons to best serve clients. 

Key Takeaways:

• There are generational benefits to having a proper succession plan for your agricultural estate. 
• The farm transition is going to be emotional for both parties. Working with an estate planner can help to ease the transition and make it more successful. 
• Get an undergraduate degree in what you are passionate about and want to focus on in law school. 
• In a farming community, land is the most valuable resource. 

"Most farmers want to leave a legacy. It is a livelihood, it is a career, it is not just a job." —  Shelby Bothun

Get in touch with Shelby Bothun:

LinkedIn: https://www.linkedin.com/in/shelby-g-bothun-esq-21428316a/ 

Website: http://www.progressiveag.com/ 

Thank you to our sponsors!

• Ruby Receptionist - Virtual receptionist & live call services that will help you grow your office (and save money), one call at a time - to learn more, go to https://get.ruby.com/TLE or call 844.311.7829

• The Net Profit CFO - Ryan Kimler works with attorneys who want to enjoy higher net profits without working longer or harder. With just 9 Simple Numbers, Ryan will help you drive more profit to your bottom line-and he won't confuse you with all the details! Connect with Ryan at www.netprofitcfo.com.

Get in touch with Neil:

Website: https://thelawentrepreneur.com/

Twitter: https://twitter.com/lawentrepreneur

Facebook: https://www.facebook.com/thelawentrepreneur/?ref=hl

LinkedIn: https://www.linkedin.com/in/tyralawfirm/

Join Lawyer Club FREE, where lawyers and law firm owners come to reclaim control of their firms and their lives!