The Succession Advantage - Balancing the Farm Financials
Welcome back to our series, The Succession Advantage. Last month, we examined the importance of using the correct tools to improve your...
Succession planning is more than just planning the transfer of the farm from one generation to the next; it is about building a continuity plan that provides skills development, clarity and guidance for the next generation. Join us as we walk participants through case studies and provides expert knowledge and advice on how to transfer your farm in the most tax effective way while protecting your family’s harmony.
In today’s world, the family farm must be treated and recognized as a business. We need continuity, developing an interplay of knowledge between generations rather than comparing how we are different. Learn how to move your farm from one generation to the next and setting the stage for continued growth.
Letting go of power and control is hard for today’s farmers. Protecting your legacy can be achieved in a way that ensures each family member feels respected, the next generation feels empowered and you are able to enjoy your life’s work.
The most successful leaders on our farms are the ones who possess key traits that set them apart from others; they are collaborative and participatory; they mentor the next generation to succeed; they build a strong team and they have an attitude of gratitude. They understand where they came from, and what it took to get here, and they want that legacy protected.