One could argue that succession planning is more important for a farm than any other business in the United States. That's because approximately two-thirds of farming families lack a successor generation committed to farming the land.Imagine if a corporation like Disney or Microsoft didn't know who would take over when the current executives retire — it would be a crisis that would demand immediate attention. Andfarming families are concerned — nearly 60 percent of farming families report that their biggest worry is succession.Fortunately, there is a reliable strategy for dealing with succession. Here, in roughly chronological order, are five succession principles for farming families.
展开▼
