In this week's episode of The Impact Farming Show, Tracy sits down with Nick Shady, co-author of Who Will Get the Farm? A Practical Guide to Farm Succession.
In part one of this two-part series, Nick opens up about his personal succession planning journey, the inspiration behind writing the book, and what readers can expect to gain from it. His insights are grounded in real-life farming experience and a deep understanding of the emotional and financial challenges that come with transitioning the family farm.
Episode Time Stamps
1:09 – Introduction
2:04 – Tracy introduces the guest and his book Who Will Get the Farm? A Practical Guide to Farm Succession
2:54 – Nick shares his story and why he wrote the book
8:00 – Tracy shares her passion for the show and succession being the real "why" behind launching The Impact Farming Show
9:36 – What can readers expect from the book?
14:50 – Operating on the assumption that "this will all be mine"
16:00 – What's happening in agriculture in Australia in 2025?
18:05 – Tracy comments on the 15 great case studies in every chapter20:00 – Nick shares observations about succession planning
32:30 – The importance of planning your future, the danger of not asking succession questions, daughters-in-law suffering in frustrated silence, and "wasted" time when farm kids realize they are not taking over the farm36:00 – Succession planning, retirement planning, life insurance, and updating wills
41:00 – Giving generation two clarity is kindness
41:30 – Reader feedback and parting words
Whether you're just beginning to think about succession or you're deep in the process, this book offers practical, actionable steps to ensure your farm's legacy is protected and your family's relationships stay strong.
📌 Watch Part 2 of this conversation, where Nick dive deeper into key succession planning challenges and the biggest obstacles that truly have and will hold farm families back when it comes to transition planning.
PART 2: Who Inherits the Farm? A Real-Life Guide to Farm Succession
🎥 https://impactfarming.libsyn.com/who-will-get-the-farm-a-practical-guide-to-farm-succession
Thanks for tuning in,
Tracy
🔗 FREE DOWNLOAD: Transition Planning Resource Guide. Tracy shares a new free tool for listeners eager to learn more about transition planning. https://www.farmmarketer.com/impact_farming_show/free_resources
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🔎 Related Phrases:
Who Gets The Farm, Farm Transition Planning, Farm Succession Planning, Farm Founders, Farm Successors, Agribusiness, Farm Business, Farm Finance, Farm Management, Sustainable Farming, Farming Tips, Farm Business Management, Farming Success, Financial Independence For Farmers, Wealth Management for Farmers, Farm Funding Solutions, Agricultural Finance, Farming Innovations, Farm Financial Solutions, Author Nick Shady
#FarmBusiness #FarmTransitionPlanning #FarmSuccessionPlanning #FarmFounders #FarmSuccessors #FarmFinance #FarmManagement #SustainableFarming #TransitionPlanning #SuccessionPlanning #FarmingTips #FarmBusinessManagement #FarmingSuccess #FinancialIndependenceForFarmers #WealthManagementForFarmers #FarmFundingSolutions #AgriculturalFinance #FarmingInnovations #FarmFinancialSolutions
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