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.
Maximizing the Opportunities
Feb 15, 2011
From Legacy Moment eNewsletter (02/11/2011)
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Farmers in America and around the world will increasingly be challenged by six trends that will affect farm production and our ability to satisfy a growing demand. "Agriculture’s Strategic Role in Feeding and Fueling a Growing World" (from Farm Foundation) outlines the challenges that we must address at a global level:
1. Financial markets and recessions
2. Food security
3. Energy security
4. Climate change
5. Competition for natural resources
6. Economic development
Though we can’t overcome every issue on our own, we can be ready to meet these challenges with a well-prepared next generation, a smooth leadership transition and adequate capital to operate effectively through the decades ahead.
Similarly, a well-planned succession, including ownership transition and leadership development, will help our family farmers to deal with the challenges and maximize the opportunities of a changing marketplace.
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