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Succession Planning Fact Sheet

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Plan your to manage family farm business changes and the earlier we start succession planning, the more options we will have in responding to the needs of family members and their changing involvement in the farm business... KEY POINtS A succession plan can help farming families and farm businesses to successfully manage anticipated and unforeseen changes in both their family and the business... A long-term strategy having a succession plan is a strategy to help family farm businesses prepare for the long-term transfer of responsibilities, capacity, management, ownership and control of a farm business from one generation of the family to the next...