For many farm and agricultural families, thinking about how to transition or sell the family business can be an uncomfortable topic. Whether it’s a dairy farm, a tree nut operation, a fruit-processing plant or a cattle ranch, there can be any number of issues complicating a candid discussion about the family business and our farm succession planning consultants are here to help.
Often we see our clients who have adult children with interests or careers outside the farm. Or there is a lack of farm succession planning to decide who is in control and how assets are divided. With an increase in land values, dividing assets equitably may present problems for a transition.
We suggest candid discussions around what is important to your family values which allow us to help you structure a business transition so that the next generation can successfully manage together.