Succession & Transition

In the words of Benjamin Franklin, “Failing to plan is planning to fail”. We all know that when it comes to planting and harvesting! Your farm’s legacy is worth protecting and deserves a smart succession plan. You only get one chance to transition so it is key to understand the best approach and avoid potential pitfalls. Although every situation is unique, there are common steps toward the goal of a successful transition of a farm business. Starting the conversation can be hard. Here are some planning tools to help: