Written and shared goals for the family and farm are vital in the succession planning process.
Here’s how to start, continue and succeed in your farm’s transition plan.
Members of the farm ownership team are primarily responsible for deciding how to ensure the business has adequate capital to maintain a sustainable business.
Coach, develop and mentor your farm’s successor
My clients frequently ask: “What happens to the farm if my kids get divorced?” Once we dig into the contingencies of divorces, most folks want to work in more layers
Remember the four Cs: clarity, certainty, continuity and communication.
Meet and exchange ideas with other families who are also in the process of succession planning at the Farm Journal Legacy Conference.