The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
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.
From Legacy Moment (06/22/2012).
Please join us for future issues,
delivered via email each Friday.
Though it doesn’t answer the question, this article, "Who Will Take Over the Family Farm?," from New Zealand’s National Business Review tells you that you’re not alone.
• 71% of farmers in New Zealand want to transition.
• Only 47% of those who want to transition have family working in the operation.
• Concerns for the future of agriculture range from commodity prices to regulations and include high land prices.
The article explains that some farmers down under are exploring different models for transition. How do they plan for a gradual transition that ensures financial security, protects the integrity of the operation and puts a well-prepared next generation in charge?
How will you resolve your own succession puzzle?
News & Resources for You:
Do your succession goals align with those of your family?
The next Legacy Project Workshops are filling up quickly! Have you registered yet for the events in Fargo on July 10 and Omaha on July 12?
No comments have been posted to this Blog Post