Published on: 12:12PM Jun 14, 2011
From Legacy Moment eNewsletter (06/10/2011)
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With planting season winding down, no doubt your days are falling into a summertime rhythm. Now may be a good time to exercise some of the aspirations you have about succession. There's still a lot of time in 2011 to take the initial steps and begin the process.
On the Farm Journal Legacy Project website, there are a multitude of tools designed to help our farm families start on the right foot. The Succession Planning Self-Assessment is an excellent resource to help gauge the family’s readiness. This tool comprises 20 statements related to succession and people's level of comfort, satisfaction and/or agreement.
In using the Succession Planning Self-Assessment, a family may discover circumstances in which most agree and other circumstances in which most disagree. I recommend a family sit down together with the assessment rules in hand to discuss areas of greatest concern—whether there is agreement or disagreement.
Please don’t hesitate to contact me if I may help in any way.
News & Resources for You
To get the family thinking, try our Family Meeting tool.
Why is a properly designed succession plan important?
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