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Succession isn’t just about passing down the farm. Because whether you realize it or not, your successors will inherit more than the land you give them. They’re getting the legacy you left behind, and if they’re your children, a lifetime of the values you’ve imparted to them. Which is why any discussion of succession starts well before you’re ready to retire.
Of course, many farms are passed down within family, which presents its own challenges. Farming with family blurs the lines between business and personal, and how you incorporate your kids into your farm life will go a long way into whether they’re ready or even willing to take over farm duties.
Many of the stresses we hear from farmers around this stem from fundamental questions: Did I raise my children the right way? Did I farm the right way? Does it all end with me? Succession is where the rubber meets the road on a lot of these big issues, and so on this episode, we’ll cover all of it: the trials and triumphs of family farming, living your values, and the process of passing on a farm you’re proud of.
You’ll hear from Thelma Kiernan of Kiernan Farm, who’s preparing to pass on her grass-fed beef operation, and sisters Candice White and Amanda Dotterer Condo of Dotterer Dairy, who were raised on and have since inherited a 3rd-generation dairy farm. Join us as we put the success into succession.
Resources & Links:
· Kiernan Farm – Bruynswick Winery
· National Milk Producers Federation - Dotterer Dairy Profile
· Dotterer Dairy – Land O’ Lakes “She-I-O” Campaign
· Nationwide – Understanding Farm Succession Planning
· Farm Bureau – Complete Guide to Farm Succession Planning
· University of Wisconsin-Madison Extension – 10 Things to Consider for Succession Planning
Feedback:
If you have questions about the show or topics you'd like discussed in future episodes, email our producer, andrew@lowerstreet.co