Category: Succession Planning

When it's out of control, bad things happen and people get burnt. To read the full article click here. Tim Schaefer is a regular contributor to Farm Futures writing on the topics of transition planning, leadership development, peer groups, and management. Encore Consultants

Is there an easy how-to book or checklist that will guarantee a successful family farm transition? No. Is there an easy way you can sit down in an afternoon and complete your transition plan? No. The fact is the odds are against any family farm successfully transitioning to the next generation. Thus, when family farms do transition successfully, it is something to be proud of. Every farm is different, and every family is unique. Thus, each family farm has a unique history, culture, family dynamic, and business. Every farm moves at a different pace, and what is a roadblock to one farm...

Mixed signals and silence between generations leads to frustration. Who moves the discussion forward? To read the full post click here. Tim Schaefer is a regular contributor to Farm Futures writing on the topics of transition planning, leadership development, peer groups, and management.

A discussion can bring family values and business culture into alignment. This, in turn, creates a solid base for decision-making and planning in the family business.