Successful transition planning takes a plan If you don't want a raging grass fire, you have to plan. To get a controlled fire that burns the CRP grassland without making the local newspaper, takes planning and preparation. I learned the hard way that tossing a match without planning doesn't end...
Category: Succession Planning
Succession Planning
Investing in the next generation
Just like any investment, the earlier you start the more it has time to grow and develop. You invest in your business; you invest in your retirement, and you invest in your connections with loved ones. Have you considered investing in the future leadership of your farm? John thought he...
Business Growth Strategy, Succession Planning, Uncategorized
The conversations families must have if they want to keep the farm together
When it comes to Transition Planning, communication is the foundation. This was the case with my friend Bob. He was so delighted when both his son and daughter decided to come back to the family farm. In addition, their spouses also chose to join the operation. For the first year,...
Business Growth Strategy, Succession Planning, Uncategorized
Communication, the missing ingredient in Transition Planning
When it comes to Transition Planning, communication is the foundation. The transition plan had all but stopped, and unspoken issues were piling up. Both the employees and the next generation were frustrated. Everyone involved was frustrated, including the advisors and spouses. To be fair, this is a top-notch farm with...
Business Growth Strategy, Succession Planning
When to Let Go of an Employee
Knowing when to let go is crucial to maintaining a solid team Blake, a large dairy producer from the Midwest, was fit to be tied. Unfortunately, for the last four months, Dennis has not been the stellar employee he used to be. He was often late, never finished the job,...
Business Growth Strategy, Farmer Network, Succession Planning
Communication, the missing ingredient for success
Okay. Maybe communication isn't completely missing. But in the recipe for success, the ingredient called "COMMUNICATION" is needed in a larger quantity. Most farms are at a size when everything from long-term strategies to daily activities need communicating. So, it's no surprise that communication is key for farms that...
Business Growth Strategy, Farmer Network, Succession Planning
Who’s In Charge? – Part2 The Accountability Blueprint
It doesn't have to be confusing. Build Accountability Blueprints to manage your farm's transition. We can send you a SAMPLE ACCOUNTABILITY BLUEPRINT Click Here Unlike other businesses, farmers rarely hand over the keys to the next generation and walk away. Most of the time, the process is gradual for many...
Business Growth Strategy, Farmer Network, Succession Planning
Who’s in charge? – Part 1 Stepping on Toes
Working together, yet apart, helps keeps the peace. It was a fairly standard discussion around a pretty simple question. "Who is in charge of doing the books?" There was an awkward pause as both Mom and daughter look at each other but said nothing. After further discussion, it turns out...
Succession Planning
A “How To” book for Transition Planning?
No. But there are certain things to keep in mind. Many farms inquire if there is an easy how-to book or checklist that will guarantee a successful family farm transition? No. Well, how about an easy way you can sit down in an afternoon and complete your transition plan? No....
Business Growth Strategy, Succession Planning
Perks and Pay can DeRail your Transition Plan
Too much of a good thing. Posted at farmprogress.com on 5/11/21 The farm owns the homes. The farms buys the owner's personal vehicles. The farm buys gas in the bulk tank and everyone fills up their personal vehicles. The farm owns the lake home. And the boat. At first it...
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