Choosing the right successor in a farm transition

  • Aug 31, 2016

Finding the right successor in a family farm transition, takes major planning and sometimes years of negotiation. Succession planning expert Dr. John Fast shares stories and wisdom on this all-too-common topic and why it’s so hard to hand over a business you’ve put your whole life into.

Video highlights

  • Men are more resistant to change, making transition more difficult for them
  • Farm succession is very emotional because it’s first step of giving up life’s work
  • Professional hiring methods can diffuse tension of choosing between children
  • Communication and clear expectations key when a new spouse joins family operation

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