Farm Business Succession

Farm Business Succession

Washington Ag Today is presented by AMMO. I’m Lacy Gray

Effective communication is key not only to the daily workings of a family farming business, but to the eventual and inevitable succession of the operation. At four different locations over the course of four days, February 19 - 22, growers and producers will have the opportunity to hear University of Nebraska agribusiness specialist, Dr. Ron Hanson, discuss how to identify and tackle many of the sensitive issues farm families face when the time comes to pass the farm on to the next generation, as he conducts the “Planning for Farm Business Succession” AMMO workshop.

HANSON: What we’re going to really talk about are the “what if” family issues that a lot of times a lot of families never want to talk about, or address, or pretend will never happen, and Lacy, the one thing that families never want to admit, or ever talk about is when one of those chairs at the table will be empty.

Hanson says the entire family dynamic needs to be taken into account.

HANSON: You look at even the in-laws, and how these issues are going to be taken care of. How do we treat all of our children, both our farming and non-farming children fairly and equitably - never equally, in this transition plan.

Hanson says one of the key thing he wants to accomplish with the workshop is to encourage farm families to put together a farm succession team. To find out how to form a farm succession team be sure to attend the “Planning for Farm Business Succession” AMMO workshop offered February 19 - 22.

For workshop locations and information visit AMMO’s website at lcammo.org. AMMO is a program of the Washington Association of Wheat Growers.

That’s Washington Ag Today presented by AMMO. I’m Lacy Gray on the Ag Information Network.