It can be difficult to envision how an executive coach can help a farm operation. Here are a few examples.
Since Lee and his brother Terry won the Top Producer of the Year award in 2014, the operation has drastically transformed. Both brothers got married and started their own families. Three little girls are set to take over the farm someday.
Brothers position farm for rapid grain delivery and the next generation.
Bring on the change. In agriculture’s climate of constant flux, convention can be costly. Spotting and dealing with change before it charges through the gate is a high-wire act and part of farming survival.
Operator Kip Tom of Tom Farms in Leesburg, Ind., has made it a priority to push the envelope after becoming a Top Producer of the Year in 2007.
Scott Bros. Dairy in Southern California is an operation of 1,100 milking Holsteins on a 900 acre ranch. The operation is one of the few remaining family-owned operations which supplies its own creamery down the road in Chino.
As farm operations become more complex and the economy continues to challenge healthy financial performance, it’s more important than ever to talk about the generational longevity of your operation. Use these tips to begin the succession discussion with your family and stakeholders sooner rather than later.
Keep the endgame in mind. The first step is to be clear about what you want your transition to look like. Do you want to continue working on the operation? What role do you see yourself playing?
Retirement is oftentimes viewed as the date when you turn in the keys to your tractor. For most farmers and business owners, succession is a lot easier to talk about when “retirement” is eliminated from the vocabulary and “transition” is inserted. That transition can come in the form of mentoring, help during busy times or any number of operational duties. This shift in thinking about the future often allows decision makers to make way for future leaders more easily.
Farmers have tried to operate sustainably for decades, though for much of history they probably wouldn’t have used that terminology.
It’s rewarding to have the next generation be part of the business, and to know it’s in good hands in the future, Kent Holden says.
THE HOMEPAGE OF AGRICULTURE
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