succession planning | Red River Farm Network

Succession Planning Challenges Seen for Rural Businesses

Published December 11, 2024

A new report from Minnesota’s Center for Rural Policy and Development identifies unique challenges for rural business transitions. Fifty-three percent of Minnesota business owners are over the age of 55 and only 19 percent have a written succession plan. The…

Shark Farmer Shares His Story

Published February 23, 2024

Rob Sharkey is no stranger to adversity and much of his keynote speech at this year's Evolution Ag Summit focused on just that. Known as 'the Shark Farmer, Sharkey opened his speech by detailing how his early venture into hog…

Fair, Not Equal

Published December 10, 2022

When it comes to succession planning, Oliver County Extension Agent Rick Schmidt encouraged landowners to start the communication process early. "I think it's important that when you start, you identify which individual will be leading. What really makes planning successful,…

Preparing the Next Generation

Published December 10, 2022

North Dakota State University Extension and North Dakota Farmers Union partnered on a farm successing planning workshop in Bismarck. "Anytime you hand down property to keep a farm going, there's going to be a lot of planning involved," explained Tyler…

TransFARMation: Taking Time for a Farm Transition

Published September 16, 2019

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…

Rural Perspectives: Episode 17

Published July 1, 2019

There are more farmers exiting the business because of the challenging farm economy. In episode 17 of Rural Perspectives, AgCountry Farm Credit Services Vice President of Succession and Retirement Planning Russ Tweiten says exit strategies are different for everyone. Good…

Striking the Right Balance in Succession Planning

Published December 27, 2018

In order to pass the farm or ranch on to the next generation, special planning is required. Dobbs Legal Group attorney and owner Polly Dobbs says the first step is striking the right balance. "That way the plan feels fair.…

Fairness in Farm Succession Planning

Published September 5, 2018

For farm succession planning, fairness may need a new definition. Manitoba-based farm family coach Elaine Froese sees the fairness issue as a hurdle in farm transitions. "Where is it written that you as a parent and as a farmer are…

Articles tagged under: succession planning

Succession Planning Challenges Seen for Rural Businesses

Shark Farmer Shares His Story

Fair, Not Equal

Preparing the Next Generation

TransFARMation: Taking Time for a Farm Transition

Rural Perspectives: Episode 17

Striking the Right Balance in Succession Planning

Fairness in Farm Succession Planning

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Articles tagged under: succession planning

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