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Tag Archives Succession planning

There is no “someday” in a succession plan. There is either a solid road- map in which all stakeholders have had a say and is now a legal document, or there are empty promises.
From the Hip, Opinion

Schoepp: A promise with no timeline is not a succession play

The people in these four tales are very different but they all believed in a promise never fulfilled

By
Reading Time: 3 minutes There are seven days in a week and someday isn’t one of them. This popular saying could be made into a hit single — for farm succession. A man I’ll call Rick is in his mid-60s and still ranching on the same land his grandfather homesteaded. And while that might sound ideal, he has no […] Read more
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.
News

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

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Reading Time: 5 minutes 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.
News

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

By
Reading Time: 5 minutes 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

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