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View a free recording about management succession plans and other important topics
…before time runs out!
TO LEARN MORE about succession in your family business and how to discover where you are in the process and for ideas on where to begin see: AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Ranch and farm families should have their own experts—a team of experts—made up of individuals, organizations, and businesses that possess important skills or information to help agricultural producers at needed times.
Why have a team of experts? A well-chosen and helpful team may make an agricultural producer more successful and is another way of dealing with stress.
AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Passing a business from one generation to the next involves transferring both ownership and management of the business from one individual to another. Transferring ownership of the family business assets can be fraught with emotional land mines and the possibility of damaged relationships.
The seven-step Succession Planning Process defines not only how to begin, but also important actions to take throughout the entire transition. Steps include: Establish a Timeline, Establish a Planning Team, Select a Successor, Develop a Written Plan, Communicate the Plan, Plan for Retirement, and Enjoy the Future.
TO LEARN MORE about management succession planning see: AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
The last few years have been difficult for farm and ranch families. Many are experiencing financial and emotional stress as a result. There are several signs or symptoms when a farm family may be in need of help. These are signs that can be observed by friends, extended family members, neighbors, milk haulers, veterinarians, clergy persons, school personnel, or health and human services workers.
When family members, friends or neighbors are exhibiting signs of stress and depression, it is important they be connected with help as soon as possible. All cries for help should be taken seriously.
AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Are you struggling to define your own legacy? Is your family wondering where to begin the process of succession of the family farm or ranch? Are you struggling to convey the values and lessons learned in a life spent working on the family operation?
Begin by defining your own Ag Legacy!
Define your own values and life lessons by identifying family traditions, family history, and the beliefs that contribute to your core values. These will guide your decisions day to day. You can then begin the process of preserving and passing on your legacy. We all want to be remembered. By leaving a legacy, the values and life lessons from the past will be passed on and can act as a guide for future generations.
#AGLEGACY.org #FarmSuccession #EstatePlanning
Roger holds down a job in town to supplement income from the family ranch. He is up before everyone else in the house on most days, and his schedule and lack of adequate sleep often have him feeling as if he does morning chores in a stupor. Although he is able to recognize stress signals, Roger sometimes feels powerless to address them. “There just isn’t any extra time in my day,” he says.
Practicing relaxation may seem too time-consuming or even like a waste of time for many ranchers and farmers. But in the overall scheme of things, the benefits will make you more effective throughout each day.
AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
View a free recording about values and life lessons and other important topics
…before time runs out!
TO LEARN MORE To learn more
about values and life lessons, what really matters most, and for ideas on where to begin see: AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Rushing to town to buy spare parts, watching hay supplies dwindle during an unusually cold winter, helping a heifer live through a complicated birth—these images of agricultural life can be as familiar to producers as those of joyful times on the family land. That said, it may be hard to imagine the need for a resource that helps to identify and control stress on the ranch or farm. For many agricultural producers, however, these and other situations are so much a part of routine living that they are not readily identified as stressful.
Simply hiding the effects of stress is not always the best choice. It is much healthier to identify stress and find constructive ways to deal with it.
AG LEGACY can help…
Check the AG LEGACY Materials tab at AGLEGACY.org
#AGLEGACY.org #FarmSuccession #EstatePlanning
Values and life lessons has been identified as the most important component of a complete legacy. This is made up of 3 separate components, including Family Traditions, Family History and Beliefs.
Family traditions consist of religious, cultural and as well as family traditions handed down through generations. Traditions can help families improve communication, learn to value time spent together and celebrate each other’s achievements. All of which can help families get through tough times and changes.
Family histories may not include anyone famous, or infamous. However, they are of great value to the family, no matter what the tale. Many great stories can be found or shared that can bring a family’s history to life. Look for ways to preserve your own and your family’s history through books, audio or video recordings, etc.
Beliefs: A person’s beliefs are very important because those beliefs define the limit of that person’s experience. A person’s belief system is the set of precepts by which they live daily life and that govern their thoughts, words, and actions.
Taken together these create a person’s legacy. When a family identifies these for each other and themselves, they begin to define their own legacy. This legacy can live on and serve as inspiration and guidance for future generations.
