You may have heard the old Chinese proverb. “The best time to plant a tree was 20 years ago, the second bet time is now” That same principal can be applied to succession planning.
It really is NEVER too early to start planning for the future, but it can become too late to start! Almost everyone knows a family torn apart by disagreements following the passing of a loved one. This often happens because they never found the time to put their plans down on paper.
You can never tell what tomorrow will bring. Starting your succession plan early in your agriculture career can help you save money and can make sure your business continues as you see fit in the case of death or disability.
If you create a plan early in your career, it does not mean you are done! A good succession plan is reviewed and improved often to make sure it still fits with the wants and needs of everyone involved in the operation..
Washburn: December 6, 8 and 13, 2016 at 6:00 pm
Location: North Dakota 4-H Camp, 2702 8th Street SW
Send registration to: NDSU Extension – Mclean County, PO Box 1108, Washburn, ND 58577
Contact: Calandria Edwards, (701) 462-8541, firstname.lastname@example.org,