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The tenth of twelve most common mistakes agribusiness owners repeat...


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Jul 27, 2014
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Leave a Legacy

RSS By: Kevin Spafford, Legacy Project

Kevin Spafford is Farm Journal’s succession planning expert for the Farm Journal Legacy Project.  He hosts the nationally-televised ‘Leave a Legacy’ TV, facilitates an ongoing series of workshops for farm families across the U.S., and is the author of Legacy by Design: Succession Planning for Agribusiness Owners.

No Retirement Plan?

Nov 03, 2008
Continuing our look at the twelve most common mistakes agribusiness owners repeat, #10 addresses the issue of a farmer's retirement.

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The tenth of twelve most common mistakes agribusiness owners repeat:

Ask a farmer when he plans to retire and he'll snicker a bit, and make some modest comment about how much there is to do, or how much he loves the work.  He may even ask rhetorically, "Who else could run the place?"  Stalling a bit, he's hoping to avoid the real issue - that he is unprepared for retirement.

If not retirement, how about the next opportunity in a vocational life?  Our years are filled with experience, wisdom, ambition and capabilities.  We all want to do more and there's always something new to conquer.  Yet, how and when does a person transition to the next level of achievement (whether it's unaccustomed leisure or a new challenge)? 


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