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.
It's an Inside Job!
Apr 26, 2011
From Legacy Moment eNewsletter (04/22/2011)
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Communication is Critical to Long-Term Success
Family farms are not destroyed by outside forces---the estate tax, government regulations or any other untoward burden. The farm is often left in ruin by a lack of communication and the natural self-interests of active and inactive family members. As a rule, most farmers are not good verbal communicators.
But, if communication is critical to long-term success, we must learn to communicate in a constructive manner and on a consistent basis. Succession planning rests on the family’s ability to talk openly, share goals, discuss concerns and define common goals.
The Family Meeting Agenda
on the Farm Journal Legacy Project website will get you started. It will encourage better communication by providing a complete outline for the meeting. The agenda puts outlines the topics, and lists the questions most people struggle with.
In the Legacy Project Workshops, we spend a great deal of time preparing participants for family meetings. Check out the Family Meeting Agenda and explore the links below. See if it may help you and the family to have a constructive conversation about your goals for leaving a legacy.
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