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Succession Planning Self Assessment

March 5, 2010
By: Kevin Spafford, Farm Journal Columnist

As you begin to consider succession planning objectives, these 20 statements may help you to identify your key priorities and potential first steps.  

 

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tool as a PDF
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Please enter the appropriate number in the right hand column.

5 – Agree
4 – Mostly Agree
3 – Neither Agree / Disagree
2 – Mostly Disagree
1 - Disagree

 

1.      Maintaining family ownership of the farm/agribusiness is important.               _____ 

2.      Only lineal descendants should be allowed to own the family agribusiness.     _____

3.      Ownership is a privilege, not an entitlement.                                                      _____

4.      The current operation can support additional families.                                       _____

5.      The current operation is run like a business with standard operating
procedures and a management structure.                                                           _____

6.      The family has shared succession intentions, but not in a written format.         _____

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