Succession planning and exit strategies
Your plan for succession will be as individual as your business.Learn your options
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News & articles
- Published: Thursday, Oct. 1, 2020
COLUMBIA, Mo. – Farm succession planning should not begin when the head of the family dies, says Wesley Tucker, University of Missouri Extension agricultural economist and succession planning coordinator.Too often, planning starts the day after the ...
- Published: Friday, Sept. 4, 2020
COLUMBIA, Mo. – Who will run the farm?It’s the elephant in the room that no one wants to talk about until the owner dies or can no longer run the farm, says Wesley Tucker.Tucker is a fourth-generation farmer and succession planning coordinator ...
Publication date: Nov. 1, 2022
Mallory RaheAssociate Extension Professor, Division of Applied Social SciencesWesley TuckerField Specialist in Agricultural BusinessFamilies may be inclined to only conduct meetings when they need to make critical decisions. However, regular meetings ...
Publication date: Oct. 1, 2022
Wesley TuckerField Specialist in Agricultural Business, MU ExtensionAlice RoachSenior Research Associate, Division of Applied Social SciencesMallory RaheAssociate Extension Professor, Division of Applied Social SciencesThe average age of U.S. and ...
Publication date: July 1, 2022
Mallory RaheAssistant Extension Professor, Division of Applied Social SciencesWesley TuckerField Specialist in Agricultural BusinessIndividuals who are part of family-owned businesses must navigate their family roles and their business roles. When ...
This video was recorded during a live webinar hosted by the University of Missouri Extension and the Missouri Department of Agriculture as part of a series of eight workshops
Business management - Farm Succession Planning, University of Iowa - Whole Farm -- Transition and Estate Planning
Create a culture of communication and thus increase the likelihood of the success of your family farm by holding farm operating meetings, family business meetings and family council meetings to manage different business needs.
Follow the three steps in this succession-planning worksheet to map current and planned roles, responsibilities and expectations for your farm business.