Ideas corporate and farm businesses share
Focus on Farm Transition videos provide strategies and advice to help you navigate the key challenges and questions that arise during the farm transition journey.
When it comes to transition planning, farm and non-farm businesses have many things in common. Nevin McDougall, transition expert and President & Chief Commercial Officer of A&L Laboratories, explains.
Key takeaways
Farms are unique, but share common strategies about transition as non-farm businesses
Best practices include good communication, clear vision, sharing of expectations
Tackle the big questions early like who to bring on and help grow the operation
Document and writing plans down bring clarity and helps facilitate discussion
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From cash flow planning to net worth statements, get the basics you need to prepare for a loan application.
Transition looks different for every family. Use our planning tool to help you identify where you are in the process and what to do next.