Apr 18, 2014
Home| Tools| Blogs| Discussions| Sign UpLogin


January 2010 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.

Family Conversation

Jan 29, 2010

Q: Great beginning show on Leave a Legacy ........but we missed a portion. Can you list Ms. Darling’s five points to keep in mind to start the conversation with family? Thanks, we look forward to more great information.

 A: Thank you for asking. As a new outreach, Leave a Legacy is designed to provide good information and appropriate tools for farmers and agribusiness who like you have an interest in succession planning, generational transition and creating a lasting legacy. In each episode we will feature an expert serving the succession planning effort.
 
 In the first episode, Molly Darling shared the five elements of a good family communication plan. She stressed the importance of transitioning from the parent to partner and emphasized that re-learning how to communicate will facilitate a smooth transition. The five points she emphasized in “Chalk Talk” were:
 
  1. Who’s at the table?
  2. Neutral ground
  3. Rules of engagement
  4. Plan for conflict
  5. Follow up
 
For more information on family meetings and a tool that may help to facilitate the succession discussion, preview Conversation Starters on FarmJournalLegacyProject.com. You’ll also find a schedule of future episodes of Leave a Legacy, and please sign-up for our Legacy Moment weekly eNewsletter.
 
 To watch premier episode of Leave a Legacy TV,
click on box below and select Thursday, January 28th.


 
More on Family Communcation: 

  

 

    

 

 

 

 

 

 

Thank You, Pioneer

Jan 27, 2010


I’ve spent many hours this month in a pressurized cabin in the sky, criss-crossing the country, firing-up elements of the Legacy Project---speaking events, conferences and Leave a Legacy TV. As many of you know, the generous support from Pioneer Hi-Bred International, Inc. is making this endeavor possible. As an agricultural company they anticipate that forward-thinking operators, future CEOs and agripreneurs of tomorrow will participate in, and benefit from, this important initiative.

 The goal seems simple enough: to help family agribusiness owners successfully pass the farming operation to the next generation – by providing good succession planning information, appropriate tools and relevant services. The Legacy Project will encourage action and celebrate success. Historical statistics point to a high probability of loss, and the likelihood of failure. The good folks at Pioneer acknowledge that, without help, most farm operations will not transition to the next generation.
 
From the news conference at AgConnect: “The Legacy Project is the single largest industry initiative of its kind in agriculture today. This pledge by Pioneer to the Legacy Project represents a continuation of its decades-long support for North American growers and their business success through its products, services and financial commitments to agriculture.” (See also “Why We Support the Legacy Project”)
 
As an industry, we should take a moment to thank Pioneer for shouldering the leadership role on this watershed issue. They essentially are saying, “your problem (generational transition) is our problem. As your strategic partner, we’ll succeed only to the extent you succeed. We’re here to help.”
 
More Legacy Project Resources:
 
  • Leave a Legacy TV Schedule and Local Listings –  Don’t miss this week’s premier episode on TV, or online.
  • Weekly eNewsletter – Keep up on Legacy Project updates... sign up for the new weekly eNews.
  •  Legacy Project Website – Check out the newly-launched site, dedicated solely to succession planning for agribusiness owners. The site is updated daily with information, tools, and opportunities - so be sure to visit often.
  • Follow the Legacy Project on Facebook and Twitter.    

 

 

With Pioneer's support, the Legacy Project will encourage action and celebrate success.

Leave a Legacy TV

Jan 22, 2010

As I write this blog, the first episode of Leave a Legacy TV is “in the can” – recorded, and awaiting final edits for broadcast. Whether you view it next Thursday following AgDay, Saturday after U.S. Farm Report or catch it online, be assured the program is designed to help you traverse the succession planning process. 

The Legacy Project is an all-hands commitment by Farm Journal Media and Pioneer Hi-Bred International, Inc. to ‘Cultivate Multigenerational Success in the Agricultural Community.’ It is designed to bring you the appropriate tools you’ll need to plan a successful transition. It might also serve as a gentle nudge, encouraging you to take action or pick up the pace depending on your situation.

For me, Leave a Legacy is a wonderful opportunity to share good succession planning concepts with a great many people at one time. It’s also a completely new experience. Like all new endeavors where there is much to learn, we often feel like we’re drinking from a fire hose when we first begin.
 
 
As I think about the last couple of days at the AgDay studio in South Bend, I’m mindful of the lessons I learned as a Cub Scout – affirmations we all memorize at a very young age, including: 

1.    Be prepared.

2.    If at first you don’t succeed, try, try again.

3.    It’s all based on vision.  Whatever you can conceive and believe, you can achieve.

4.    We each can effect change. One person with a clear vision and passionate energy can make a difference.

5.    Have fun! 

As you tune in, please don’t hesitate to let us know how we may help you ‘Plan Success and Leave a Lasting Legacy.’

 

More Resources Through the Farm Journal Legacy Project

  • Leave a Legacy TV Schedule and Local Listings –  Don’t miss this week’s premier episode on TV, or online.
  • Weekly eNewsletter – Keep up on Legacy Project updates... sign up for the new weekly eNews.
  • Legacy Project Website – Check out the newly-launched site, dedicated solely to succession planning for agribusiness owners. The site is updated daily with information, tools, and opportunities - so be sure to visit often.
  • Follow the Legacy Project on Facebook and Twitter.
     


 

  

 

Dedicated Agripreneurs

Jan 19, 2010

It will go down as one of the most exhilarating experiences in my professional career. I just returned from the Pioneer Outlook Conference in Puerto Rico. This year’s gathering may have been comparable to Pioneer’s events of years past but, for me, it was a brand new experience. On the surface, the tropical setting may sound like undemanding R&R in the sun and surf.  Not so… it was even better. Instead, participants appreciated the stunning surroundings, while dedicating themselves to education, information and interaction.
 
The invitees represented Pioneer Hi-Bred’s top customers and prospects. Imagine the opportunity just to observe a gathering of 100 of America’s top farmers. And yet, again, it was better still.  As an invited guest, presenter and host, I enjoyed many hours of dialogue and was treated to the insights, thoughts and concerns of these industry leaders. Although I was honored to present succession planning principles throughout the week, there is no doubt that I took away as much as I shared. 
 
During our conversations, I absorbed lessons related to leadership, money management, business development, family dynamics, organizational politics, alliance relationships and more.
 
On the flight home, it occurred to me: If I had the chance to do it again, I’d take the opportunity to pose a lot more questions. I might ask:
 
  1. Who do you turn to for leadership advice/counsel?
  2. Do you have a mentor and, if so - who and why?
  3. How many hours do you commit to your work each day, week, year?
  4. How would you describe in words your vision for the future of your operation?
  5. How do you reconcile the emotional trials and tribulations of managing a family operation?
  6. What pitfall would you avoid, at any cost?
  7. What single piece of advice would you offer to an agripreneur aspiring to create a world-class organization?
 

 
Newsletter premiers Friday,
January 22nd, 2010
 
 


Moving Forward in 2010:

Log In or Sign Up to comment

COMMENTS

Receive the latest news, information and commentary customized for you. Sign up to receive Top Producer's eNewsletter today!

 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions