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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 [...]

Posted in Family Business Succession, Farm Succession Planning No Comments »

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 may feel [...]

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

Successful farmers know that to survive in this dynamic environment they need a framework for decision-making.
It must be both solid and fluid while at the same time flexible .
And it need not be complex, rather it can be as simple and straightforward as you want it to be.
However you normally make your long term strategic [...]

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

What is the most important change, other than email and free long distance, when it comes to farm succession planning in the 21st century?
The availability of business coaches. Why, becuase they are not selling anything.
Think about it.
They have no financial stake in the actions you take. Nor do they have any advice from the past [...]

Posted in Succession Planning No Comments »

Long Island agriculture is in constant transition.
As long as people have been farming, they’ve been adapting to changes in the community makeup.
These days family farms on Long Island find a growing market for new crops.
Duration : 0:5:41

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