Working with Family
A candid discussion about planning for and going through farm transitions by a panel at a recent conference.
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Are economies of scale everything?
Embracing change, changing poor habits into better ones and working as a team can lead to a more-successful farming operation, regardless of the size of the farm.
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The right kind of stubborn
Tips for using your stubbornness to improve your farm and your family relationships.
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The 5 C’s of generational continuity of the dairy
Cash flow, management and ownership contingency plans, compensation, communication and conflict are five factors that can make or break generational continuity.
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Before the in-laws become the outlaws
Giving a farm successor opportunities to make big decisions prior to choosing a spouse, avoiding a “sister wives” scenario, teaching them to live within their means, setting a succession plan before a successor’s spouse is involved, and practicing what you preach will reduce conflict between parents and new sons- or daughters-in-law along and between the farm’s successor and non-farming siblings.
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Killing anxiety on the family farm
Lack of transparent understanding regarding succession planning can increase anxiety and stress while causing division within the family.
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Transition plan, robotics strengthen family’s dairy legacy
Strong family relationships and outside advisers position Kurtland Farms for another generation.
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From one farm kid to all the others out there
Four considerations for transition planning include persistence, open communication, understanding how setting up business entities will affect the operation and developing a will.
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