How to be Prepared for Planning Your Farm Legacy

Farm Table says:

Elaine Froese is a very respected and experienced succession planning expert from the United States.

Elaine goes through some practical approaches to get everyone talking in the succession conversation. She notes that one of the most common question she receives is:

‘Elaine, how do we even get Recruitment to the table to talk about the farm legacy? My parents are refusing to talk, and my grandparents are even more stubborn!’

Elaine walks through nine questions farmers need to ask themselves when planning their farm legacy and succession.

  • What Do You Want?
  • Where Are You Going to Live?
  • How Are You Going to Service Debt?
  • What Will Your Roles be as the Farm Grows?
  • What do We Tell the Non-Farm Heirs to Help Them Understand That They Aren’t Getting a Raw Deal?
  • How Do We Protect Our Hard Earned Wealth From Spousal Breakup?
  • Download the Farm Family Toolkit
  • Talk to Yourself About All of the Points Above
  • Build a Binder to Organize All of the Vital Plans
Bradley Dawson
Bradley Dawson

Bradley is a seasoned copywriter at Farm Table, bringing decades of experience in journalism and content creation. Formerly a producer and journalist for the Telstra Sports website, he has honed his skills in crafting engaging and informative content. Now, he applies his expertise to the Australian agriculture sector, delivering high-quality writing that informs and supports the Australian farming community.

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