Leave a Legacy
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.
Do You Concur?
Jun 25, 2013
From Legacy Moment (04/04/2013).
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Mary's insight comes from the heart. She realizes their daughters' future opportunities are based on the decisions that she and her husband, Roger, make in planning for succession. She tries desperately to explain and struggles for just the right words, then says, "It is also our behaviors and diligence to the business decisions that will ultimately leave a vibrant farm to our children and their families."
"Thanks to our work with Legacy [the Farm Journal Legacy Project and Legacy by Design], Mary concludes, "we now have long-term goals and components of a realistic plan."
What about you? Once you promise to plan for succession, everything changes. The Miracle of Commitment has an effect on the entire family. It influences conversations around the dinner table, decisions around the board room and next steps in farming operations.
Succession is a clear message from the present to the future that we plan to be farming for generations to come. Mary and Roger's children are in their early and pre-teens. Involving the kids, even at a young age, sends an excellent message and invites them to prepare for a role in the operation.
Begin today. It starts when you say, "I will."
News & Resources for You:
The Miracle of Commitment is a giant leap toward multigenerational success.
Need information and tools to get you started? Register for an upcoming workshop.
To keep the farm in the family, eLegacyConnect lets you plan at your own pace.
Photo courtesy of the Dye Family.