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It't Not Outside Forces

Outside forces---the estate tax, government regulation, environmental activist, a cyclical economy---will not do nearly as much damage to the integrity of the family farm as a lack of open and honest communication. Either by design or default, a family who refuses to talk about the future and plan for the inevitable is destined to fail.

Who Can Help?

Comprehensive succession planning is a long-term and emotionally demanding effort. It’s no surprise that the homework required and the commitment it takes is at times overwhelming. A good planner will lead the charge to make sure you achieve your planning goals.

Rules of Engagement

As a clear and concise document, the family employment policy should spell out, in specific terms, the conditions in which a member of the family may seek an employment opportunity. Absent a written policy, parents may be held to unreasonable expectations when it comes to employing their kids and other relations in the farming operation.

What's Your Value Proposition?

Every family operation requires leaders with a variety of skills and a diversity of interests. Tomorrow’s leaders will fill positions and do jobs that aren’t even defined today. So, how do you measure up? Do you have the skills and abilities necessary to help grow the operation? Being fair to yourself and straightforward regarding the depth and breadth of your capabilities, consider your value proposition – what are the quantifiable benefits that you can deliver to the family business?