Succession Planning for the Family Farm

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A few months ago, Feedstuffs magazine published an interesting article by Rod Smith discussing the obstacles that young farmers face.  It reminded me of the importance of succession planning for the family farm. “More than a third of U.S. farmers are 65 years old or older, according to the U.S. Department of Agriculture” — a statistic that many of us …

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Build a Management “Team” For Your Family Farm or Agri-Business

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One of the biggest hurdles in successfully passing down a family business (with any kind of family business) is training its successors.  Same is true with family farming operations or agri-businesses, which require specialized knowledge and skill sets. Failure to do so adequately can mean the end to a family business with the manager deceases or is no longer able …

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