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.
Weathering the Onslaught
Feb 01, 2011
From Legacy Moment eNewsletter (01/28/2011)
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Farming is the quintessential family business. Family farms are the backbone of America’s sovereignty. We lead the world in food production. In the 2010 edition of “America’s Diverse Family Farms,” the USDA tells us that "Ninety-eight percent of farms [in the U.S.] are family farms, and they account for 82 percent of [all] farm production."
Yet, beyond the normal challenges and overwhelming odds, family farms are being assailed by misguided special interests, unrealistic social demands and burdensome legislative pressures. As a farming community, we must band together and commit to make the decisions and take the actions necessary to save our family farms.
Though succession planning is not a cure-all, it does help the family focus on common goals and weather the onslaught. The future demands strong leaders, capital resources, a smooth generational transition and financial security for each active family member. Implementing a comprehensive succession plan is a giant step toward success.
News & Resources for You:
“For farmers, a legacy
is more than keeping the business going,” said a farmer attending one of the December succession planning workshops
Help us help you… please have someone from each generation of your family take a few moments to participate in the Legacy Project Survey