Articles Tagged with ''succession planning''
Uncertainties should not paralyze decision-making or delay essential long-term strategies such as succession planning. Ensuring a smooth transition to the next generation or new management is critical for the continuity and sustainability of the operation.
Read More
A tale of breeding excellence
Harvie Ranching has made a name for itself globally, thanks to a strong focus on A.I. and embryo programs, emphasizing top cow families and calving efficiency, resulting in national and world champion cattle.
Read More
It pays to be paranoid: Considerations when developing contingency plans for your farm
Cross-training employees for multiple roles, preserving working capital, having a balance sheet with depth of equity, developing contingency plans and clear protocols, and conducting scenario-based trainings can help an operation navigate unexpected circumstances.
Read More
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.
Read More
Is it time to walk away? The transition plan breaking point
Transition planning can be messy and heartbreaking. If opening up communication and forging a plan is not possible – even with the help of a third party – it may be time to move on.
Read More
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.
Read More
Leading a multigenerational business
If you desire to build a business that will continue for many generations into the future, your business strategy requires more planning and much greater attention to the long-term impact of every decision.
Read More
A legacy or a lawsuit: What are you leaving behind?
Agriculture is not just a business; it’s a way of life. Well-crafted plans to transition farm and ranch estates to the next generation are essential to keeping this way of life alive for future generations.
Read More