SecessionPlanning

Transitioning Your Farm, Orchard or Vineyard – Creating a Formal Succession Plan

April 6, 2018 1:44 pm

A formal succession plan should be part of the exit strategy for any type of company, but it’s particularly important for agricultural businesses, as many farms, orchards and vineyards involve multiple family members. Yet, industry averages show that less than 25% of argi-operators have a formal succession plan in place.

 

Professional advisers, such as Commercial Appraisers, can support the planning process by facilitating discussions from a non-emotional perspective providing expertise on accurate market values for land and businesses.

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