This graphic from an Oklahoma State publication paints a good picture of the challenges a small business has when it comes to making transitions.
Agricultural enterprise transitions aren’t exactly the same as small businesses, but with statistics (Purdue) suggesting only 55 percent of farms have a written succession plan, it’s not difficult to see how successful transitions could be a challenge.
If you’re looking at a Farm Transition, check out the Farm and Ranch Transitions Conference March 8th in Manhattan. It will be a great day to learn more about farm transition planning from one of the best in the business: Dr. Shannon Ferrell, Ag Law Specialist at Oklahoma State University.
Registration closes March 1. Get signed up today!
