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Home » Authors » Zack Drucker
Zack Drucker

Zack Drucker

Tax Manager / Frazer LLP
Email Zack Drucker
Articles

ARTICLES

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Succession planning: Incentivizing the next generation of family farmers

Ideas for encouraging reluctant heirs to the family business include a solid business plan, financial support, profit-sharing plans, incentive bonuses tied to performance and/or milestones, developing an ownership transition plan, mentorship, educational/training opportunities and strategies for work-life balance.
January 11, 2024
Zack Drucker

Some of the concerns heirs have in taking over the family farm include the financial viability of farming, the challenges of modern agriculture and lifestyle implications.


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