Articles Tagged with ''transition plan''
Openly discussing money in farm families is key for smooth transitions and financial literacy, through steps like leading conversations, understanding values, managing debt, analyzing spending, sharing stories and holding family meetings.
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Identifying a non-family successor for your farm or ranching operation: A strategic business approach
An effective leadership transition is not only about securing the future of your operation, but is also about nurturing the next generation of agricultural leaders who will continue to uphold the legacy of your organization for years to come.
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Transition planning traps
Avoid transition planning problems with these tips on entity planning, inaccessible cash, fragmented assets and retirement planning.
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Paving the way for the next generation to return to the farm
When a young professional returns to the farm they grew up on, there is a tendency to assume that the transition will go smoothly. However, for this transition to be successful, it is crucial for farm leaders to develop and execute a plan for it to happen.
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How to get those tough and tender conversations started – part two
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
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It’s only your future and legacy at stake
Setting exit goals and assessing financial readiness can help you make impactful decisions for your farm during the succession-planning process.
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Boertje Farms' journey from Dutch roots to overcoming cancer on the dairy
Hard work, determination and perseverance aid four generations of dairy producers on Boertje Farms in Visalia, California.
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