Because you’re here, I assume you are interested in your farm’s long term success. Click here to learn the most cost effective way to achieve it!. The farm succession planning process, and it is indeed a process, generally begins when someone has convinced a member of the family to have that first family meeting. [...]

Posted in Farm Estate Planning, Farm Succession Planning, Succession Planning 1 Comment »

During my career I have found that most succession plans fail.
The plan itself might or might not have achieved the family’s objectives for farm succession and transition to the next generation, but it ran out of gas before it was ever completed.
It ran out of gas because there was no one in charge – no [...]

Posted in Farm Succession Planning, Planning for Succession, Succession Planning No Comments »

For a farm succession plan to succeed there must be a timetable for specific actions to take place. Everyone involved must be able to see when certain benchmarks are reached.
If there is no agreement on when certain elements of the process will be put in place – why should they believe you are really serious [...]

Posted in Family Business Succession, Farm Succession Planning, Management Succession, Planning for Succession 1 Comment »

Some of you got it right, passing down the farm is farm succession from the current generation of owners to the next, the folks who are going to be owning and running the farm in the 21st. Century.
Almost nine years ago we registered our domain name because we had been told  that the older a [...]

Posted in Farm Succession Planning No Comments »

If there is one reason why farm succession planning should start sooner rather than later it’s because the decisions made early on can have a dramatic impact on everyone involved.
One effect is psychic, it makes us all feel better, more assured, and confident when we know as much as possible about what’s in store for [...]

Posted in Estate Planning, Farm Estate Planning 2 Comments »