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Tag Archives Succession planning

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.
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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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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.
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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

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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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