It’s an exciting time when the next generation determines that they are going to pursue a career on the farm.

Farm succession planning is a critical topic that often gets brushed under the rug due to a variety of emotional and practical reasons. Families and farmowners may avoid discussing succession because of deeply rooted values, fear of mortality and the uncertainty of what lies ahead.

Many families make the mistake of jumping into succession planning without a plan. They meet with their professionals, have conversations with family and may even get so far as to begin transitioning ownership of assets, but somewhere along the way, momentum gets lost and the plan stalls.