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Many farms inquire if there is an easy how-to book or checklist that will guarantee a successful family farm transition. The answer is: no. How about an easy way you can sit down in an afternoon and complete your transition plan?
John was ready to start his succession plan. He was 63 and wanted to get the process done quickly. He had a plan. During our first meeting, we discussed history, core values and culture.
Lack of a shared vision may be one of the most significant threats to sustaining a family business through multiple generations. Roughly 83% of family farms do not make it to the third generation. Developing your own family’s vision will greatly increase the odds in your favor.
Dairy farmers are essential, and we knew this before any health crisis arrived. Even with COVID-19, many farms are carrying on with daily work, and not much has changed.
On the first day of work, your new hire is giving you his or her best. The employee wants to impress you and is looking to you for guidance. So why don’t producers give the new employee their best?
