The Financial Planning and Grace that Makes Multi Family Farms Possible with Lydia Hiesterman

“I feel like we’re able to do what we do because we have evolved over time.”

In this episode, I had the opportunity to sit down with Lydia Hiesterman. Lydia shared a little about her family’s farm operation and the complexities that come with farming with multiple families. Lydia expressed the value of planning and farm succession and shared her personal experience with farm succession. Lydia also gave advice on how to find and select a financial advisor that would work for you and your family’s needs.   

 

About our guest: Lydia Hiesterman, Thrivent - Kansas

Lydia is a financial advisor, farmer, and mother of 4 kids.  Lydia spent the first part of her career working in agriculture business until she decided to start her business as a financial advisor.  She has been an advisor for 7 years and also helps her husband manage their family’s grain and cattle farm.  She has specialized in working with farmers and small business owners and believes that women especially play a key role in managing their families financial success. 

If you are interested in working with Lydia as your financial advisor, check out her website!

 

At a glance:

• Farming with family and multiple family units.
• The importance of planning and farm succession.
• Working with clients as an Ag Financial Advisor by assessing risks on the farm and planning for the future and retirement.
• Sharing how to find a financial advisor that would be a good fit for you.

You may also enjoy…

#21 Systems for Managing Life & Work on the Farm with Natalie Egger

#51 Looking ahead at Ag Finance with a 4th Gen Farmer and Ag Lender

#53 Ranching with an Eye on Financial Feasibility

 

About the Host of Farming on Purpose, Lexi Wright: 

I’m your host, Lexi Wright. I started the Farming on Purpose Podcast from a passion for sharing the stories of agriculture from generations past, preserving the skills and lessons learned along the way, and ensuring the best of that is passed onto those who will continue to lead the way into the future of production agriculture.

I’m so glad you’re here and I hope you’ll take a moment to join the conversation with me and other listeners on social media. Connect with me on Instagram, Facebook, and TikTok.

 

DISCLAIMER: This episode is not financial advice. This content is for educational purposes only. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. See thrivent.com/social for additional information.