Successful Succession: Planning For Your Farm’s Future
In a recent article we wrote for Arkansas Business, we explore succession planning for agribusinesses. Below is an excerpt of the article.
The agribusiness industry has long been the backbone of the American economy. Farmers face a wide variety of unknowns and new challenges each season. Achieving long-term success in this field requires hard work, careful planning and good financial guidance.
One area that requires special focus for agribusiness owners is that of succession planning. In order to achieve financial success throughout the entire life cycle of your farm, it is imperative that you create a clear and thorough plan for passing your business from one owner to the next.