Succession is a topic in farming that almost everyone has a story about, and sometimes those stories don’t end well. While there are certainly some horror stories, succession can also be a really exciting time. Seeing the next generation step in, bringing new perspectives, and even giving Mum and Dad the chance for a well-earned … Continue reading Successful Succession
When was the last time you reviewed the succession plan for your farm or agribusiness? Do you even have one? Even if it feels like your retirement is years away, you still need to think about what happens next. Most succession plans take a couple of years to work through. Having a solid succession plan … Continue reading Why Banks Get Nervous When Succession Plans are Strained
Securing the future for you, your farm and your family ‘Nothing is as certain as death and taxes. We’ve all heard variations of the quote, often attributed to Benjamin Franklin. Given the certainty of death, succession planning is an issue all farming families must deal with. It’s an emotionally charged issue, but one that doesn’t … Continue reading Succession planning, the family farm and the bank
Get expert finance tips, industry insights & practical advice delivered straight to your inbox with the monthly Purvis AgriFinance newsletter.