Episode Description:
One of the most stressful situations for farm families is the transition of passing that farm from one generation to the next. Russ Tweiten focuses on succession planning for AgCountry Farm Credit Services. It can be difficult to hand over the reins. “Farmers who went through the 1980s know what it’s like to struggle and don’t want to turn the farm over and lose it,” says Tweiten. “Give it some time and allow senior farmers to work their way out.” To be successful in the transition process, communication is key. “The thing I sometimes tell people is don’t let your shop be the Las Vegas of the farm. It should be shared and talked to with the rest of the family.” Hear more from Tweiten in this episode of TransFARMation.