Items Tagged with 'transition plan'
ARTICLES
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.
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How to get those tough and tender conversations started – part two
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
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It’s only your future and legacy at stake
Setting exit goals and assessing financial readiness can help you make impactful decisions for your farm during the succession-planning process.
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Boertje Farms' journey from Dutch roots to overcoming cancer on the dairy
Hard work, determination and perseverance aid four generations of dairy producers on Boertje Farms in Visalia, California.
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How to embrace a positive perspective for farm transition
Put yourself in the shoes of others and take responsibility for your actions; you may find a new perspective on farm transition that yields better results for all parties.
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Succession planning when one child wants the farm
Many parents find themselves in a situation where one child wants to farm while the others do not. This hypothetical explores one option to consider, while stressing the importance of early planning.
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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.
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