Are Farm Succession and Strategic Planning The Same Thing?
In my opinion, yes. Farm succession planning encompasses all those things you do to insure that the farm will live on successfully in the next generation – whether that is next year or twenty years from now. Strategic planning is a blueprint to follow – the measured steps you take along the way, plans which when they unfold will allow the pieces of the long term puzzle to fall into place effectively.
So if the farm owner wants the farm to succeed beyond his or her lifetime and knows that good things rarely happen by accident, why do they always seem to drag their feet when confronted with farm succession? Maybe the word ‘confronted’ has something to do with it?
Over the years farmers told me…
Recommended Reading
- Management Succession Planning for Family Businesses
- Succession Planning for Family Businesses-Coffee and Candor
- Can you make my ‘experimental method’ more professional and fleshed out?
- Settlement and the ADR Process – Hull on Estates and Succession Planning #204
- Management Succession Planning Blueprint (ebook)
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