GFM Network News


More farms are expected to be multi-generational operations in the coming decades — and even succession experts say getting two generations on the same path is surprisingly hard.

Succession planning is tricky, even for the experts

Succession expert Merle Good is passing the torch — and it’s a lot harder than he thought it would be

Merle Good makes his living by telling other people how to put together succession plans. But he got a taste of his own medicine when daughter Annessa came back to the farm. “Doing it is a hell of a lot harder than talking about it,” said Good, owner of GRS Consulting. “It’s a lot of […] Read more

Trent Clark has listened to succession experts and is putting their advice into practice on his Vermilion farm.

Start succession planning with a conversation — and then keep talking

Trent Clark has heard many succession ‘horror stories’ and is making sure 
that everyone in his family is on the same page

Planning for Profits Working on your farm management skills is like exercising — it pays big benefits, but it’s easy to push it off for another day. Only one-third of producers use business advisers or risk management tools, and fewer still do HR, succession, or strategic planning. To help make your farm more profitable (and […] Read more