In a recent online poll, Progressive Cattleman asked, “When did you create a succession plan for the ranch?”
About 12.5 percent said they created a succession plan before age 50. Around 8.3 percent said they set it up between age 50 and 60. Another 12.5 percent said they tackled the task after age 60.
However, most readers (66.7 percent) said they haven’t started working on a succession plan yet. Succession plans aren’t easy to prepare, after all. 
When did you create a succession plan for the ranch?
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Before age 50: 12.5%
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Between age 50 and 60: 8.3%
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After age 60: 12.5%
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I haven't done it yet: 66.7%
