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AGvisorPRO, Finance, Accounting, Legal, Succession Planning

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Seven Persons, AB|Nov 20, 2024

If a farmer/rancher wants to complete their succession plan by age 60, what age do they need to start their planning?
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Answers (2):

Nov 21, 2024

I would agree with Rob, with the added provision that it depends upon how much knowledge and information needs to be shared with your successor(s)! Mechanically the transaction likely takes 2 to 4 years to not be rushed. The education and skill development can take much longer
Robert Saik on AGvisorPRO

Robert Saik

Founder / CEO

Nov 21, 2024

The hardest part is sitting in the family down. Generally, I think it takes between two and four years to get a continuity plan in place.