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I’m getting on the road to where I’m going to be leaving the farm. How many more years can I stay with it? The numbers are against me! At eighty five, how many more years can you stay active?
Sitting back on our heels and thinking we can do this tomorrow is not really going to help anybody. It’s time to start now.
We’d like to know what the thoughts and expectations of the next generation are, I don’t think we’ve actually voiced any of that, it’s just assumed and that’s not such a good thing. So we should look at putting something on paper and seeing if our expectations meet their expectations. Some of the first steps would be to be in touch with a lawyer and update your will and then look at further discussion with family members as to what sort of steps will you take in regards to succession planning, with advisors in mind to assist us.