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September 2011 Archive for 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.

Show and Tell: 'Day in Agriculture' is Thursday, 9/29/2011

Sep 26, 2011

Day in Agriculture 2011From Legacy Moment eNewsletter (09/16/2011). Please join us for future issues, delivered via email each Friday.

On Thursday, Sept. 29, AgWeb wants to help tell your story.  

AgWeb and the entire Farm Journal Media team will focus on portraying a single day in American agriculture.
From sunrise on the East Coast to sunset on the West Coast, AgWeb.com will be dedicated to showcasing agriculture around the country.
Please take a few moments to submit short stories and photos of the activities on your farm to editors@agweb.com.

To participate:
• Send a video showing what you’re doing on the farm that day.
• Submit several photos of your farm, with captions.
• Tweet live updates of what you are doing (#dayinag).
• Call in to the AgWeb editors and provide an audio update: (573) 581-6387.
• Post a status on Facebook about how you are involved in agriculture.
• Provide a blog-like submission of your life on the farm.
In whatever way you choose, let's invite those people who aren't involved in agriculture to take a closer look at who we are and what we do!

REMEMBER: Thursday, Sept. 29

Upload photos, video, etc., with this form.
Stories and photos may also be submitted by email to: editors@agweb.com

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Family, Farm and Future

Sep 21, 2011

Mooney Family at tableFrom Legacy Moment eNewsletter (09/09/2011)
Please join us for future issues, delivered via email each Friday.  

If you’ve been watching “Leave a Legacy TV,” you’ve seen the Mooney family of Chico, Calif. Their story is about trial and triumph, proving the old adage: ”It’s not how many times you get knocked down, it’s how many times you get back up.”

They had a dream of farming, but shortly after buying their place, dad passed away, leaving mom to climb the steep learning curve of farming, finish raising the kids and handle an increasing debt load.
With the wolf at the door, this family banded together, saved the farm and created an agribusiness that ranks among the top in the United States. Today, Mooney Farms may be the largest producer of sun-dried tomatoes in the nation.
In my interview with Mary Mooney, the spokesperson for the family, she shared her enthusiasm for family, farming and the future:
On decision-making in the family operation:
“I don’t think I can say I’m in charge or Steve’s in charge [Steve is Mary’s brother and a co-owner in the business]. Neither one of us really is. Everything has always been a balanced, family decision.”
Mary Mooney   Mooney Farms TV episodeOn success:
“For me, success is happiness--you know, really, if you’re happy with what you’ve achieved, and the way you get to live your life every day. For me, I get to come to this beautiful facility. I get to be surrounded by my family, who I love. I get to sell and talk to people, which I love. Those things together, for me, that’s success.”
Her advice to agripreneurs:
“Never forget: If you have land, you have wealth. Never give up the land. As long as you can grow something, you can make something. And that something will allow you to create an income.” 
News & Resources for You:
A family focused on taking constructive action will achieve succession planning success. Our newly updated succession planning tools menu may help.
The Legacy Project 2011 Report is chock-full of information and resources, and the entire issue is available online
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Start Early in Nurturing the Right Attitudes

Sep 13, 2011

iStock Red EquipmentFrom Legacy Moment eNewsletter (09/09/2011)
Please join us for future issues, delivered via email each Friday.  

During the “Leave a Legacy TV” guest appearance of Dr. Ed Hoover, we discussed a family’s readiness to begin the succession planning process. In the episode, he said, “Without readiness, all the planning in the world will fail.”

In the following piece, Dr. Hoover writes about the importance of stewardship. “The key to making a succession plan work is to start early in nurturing the right attitudes and implementing the necessary structures to support them,” he says. “The right attitudes start with the owning family viewing themselves more as stewards than as proprietors.”

Dr. Hoover’s Principles of Stewardship:

  • Ownership is not a right but a privilege.
  • My business depends on me looking after its best interest.That also means acknowledging when I am part of the problem.
  • Every day is a new opportunity for me to do something good for my business. Whether or not it happens is up to me.
  • I cannot let discomfort and fear, my own or others', cause me to avoid facing and resolving difficult family and business problems.
  • To keep my business healthy, I must remain healthy, too, through ongoing personal development in mind, body and spirit.
  • As both an owner and employee, I will not knowingly abuse the privilege of business ownership, nor jeopardize the well-being of the whole for the benefit of any one individual, myself or someone else.

    Edwin A. Hoover, Ph.D., is a consultant and mentor for families managing businesses and wealth. He and spouse Colette Lombard Hoover are co-authors of Getting Along in Family Business: The Relationship Intelligence Handbook, New York: Routledge, 1999.


News & Resources for You:

Are you ready for succession? Get started by ranking your priorities.

Focus on five important keys to planning success.

The Legacy Project December workshops in Kansas City, Bloomington and Memphis will be here before you know it. Don't miss out — sign up today!
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School's Never Out for a Farming Professional

Sep 08, 2011

iStock Famer with LaptopFrom Legacy Moment eNewsletter (09/02/2011)
Please join us for future issues, delivered via email each Friday.  

The other day I received a request from a client family. They needed an action plan to help the next generation prepare for a leadership role in the family operation.

A plan should begin with an assessment of an individual’s capabilities and interests as it may relate to a role in the family organization. After a thorough evaluation and discussion of the knowledge, experience and skills that may be necessary, a plan for improvement should be drafted.
The plan should include practical and academic education. It should encourage real-life experiences and other hands-on skills. School is never out for a farming professional.
Review the suggestions on our action plan. It’s merely a starting point on the road to leading in the future. As you adopt a professional development strategy, please don’t hesitate to share your thoughts and questions. Lifelong learning is important for everyone, and we all can benefit from drawing upon the successful experiences of other farm families.
The Executive Program for Agricultural Producers (TEPAP) and the Association of Agricutultural Production Executives (AAPEX) are great examples of leadership programs in the industry that can serve as a catalyst for building relationshps with other successful farm families.
News & Resources for You:
Our Leadership Development Action Plan helps families to address goals related to continued learning, mentorships, peer groups and more.
The next-generation Esthers learned how to best make use of their complementary and opposing characteristics. What makes them tick?

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