There’s a balance that must be struck in any farm succession plan. Mom and dad (the retiring generation) need enough money to retire and enjoy what they’ve earned, while the succeeding generation needs to start with enough to maintain a viable business. As Jacquie Gerrard of Backswath Management explains, farm succession conversations should start with figuring out… Read More

In the day-to-day operation of a farm it can be a challenge to set aside time to chat about what the next generation expects in taking over the business. “Hey Mom/Dad/Uncle… I want you to know this is important…” sort of discussions are important because they help establish expectations, which are needed to begin a successful generational transition. So… Read More