When you listen to the experts you invariably come away with the feeling that farm succession planning is anything but simple or easy. Why do the experts take that approach to something that must be done if the farm is going to survive? In whose interest is this picture doom and gloom? Maybe that’s why [...]
Read More...Successful farmers know that passing down the farm, succession planning, in other words is critical to their farm’s long term success. That’s because it is a process that unlocks cash from the farm for the departing senior generation of owners and creates an environment where the next generation can begin taking over. Some of you [...]
Read More...According to the results of a recent survey, farmers and family-owned companies need family business consultants, primarily because of succession planning or actually the lack of it. And because virtually all farms and Main Street companies are considered “family owned”, it means that the majority of all companies face the distinct likelihood of losing their [...]
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