Why Do Farm Founders Avoid Transition Planning?

Why Do Farm Founders Avoid Transition Planning? 

For this week’s episode, we are flashing back to an excellent episode from last fall. 

This episode is titled “Why Do Farm Founders Avoid Transition Planning,” with Terry Betker and it goes deep into why farm founders avoid transition planning. Terry draws on decades of experience working with farm founders on transition planning. He even shares some personal reflections on the topic.

Why re-broadcast? Since we are doing a deep dive into transition planning and the fears, worries, and concerns of each generation involved, I found myself thinking about this conversation with Terry and wanted to air it again as it’s a real and honest conversation about what keeps farm founders up at night.

So, with that being said, I hope you enjoy this episode….

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Episode Summary

In today’s episode, Tracy chats with Terry Betker in this episode titled “Why Do Farm Founders Avoid Transition Planning?”
 
Is it finally time to address the elephant in the room?
 
The industry has encouraged farmers to create a transition plan for decades, yet little progress has been made. So, one needs to ask, do farmers purposefully avoid transition planning?

In this week’s episode, Tracy and Terry speak about:
 
• If farmers know they need to do transition planning and plenty of information is available, why are they not doing it?
• Is it finally time to address the elephant in the room? Are farm founders purposefully avoiding this subject? Tracy and Terry open the cans of words and get to some real talk about transition.
• Tracy has also noticed that it tends to be the farmwife, farm mom, female farm founder who pushes the subject of transition planning. She asks Terry if he has observed this, and they chat about gender differences, concerns, and roles on the farm.
• She asks Terry what he has noticed in his over 30 years of experience working with farm families on transition. Why do farmers avoid transition planning?
• What are ways to help farmers want to make this transition before it’s too little too late?
 
Tracy and Terry discuss matters in this episode that are rarely discussed…the humanness, immortality, and conflicting desires of the farm founder.
 
If you are looking for a deep, meaningful, honest conversation on transition planning, you will want to tune into this episode.

Thanks for tuning in friends,

Tracy

*Rebroadcast of October 30, 2024, episode
**This episode mentions an event that was holding. Please note this was in 2024. Please connect with Backswath Management if you are interested in their transition planning services.

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✅ About The Impact Farming Show: Produced by Farm Marketer.

Farm Marketer is a Canadian digital media company specializing in publishing agriculture content that matters most to Canadian farmers: news, commodities, agriculture events, agriculture real estate for sale, and much more. 

Farm Marketer is also the proud producer of the award-winning agriculture show The Impact Farming Show. This weekly video and podcast show is dedicated to introducing farmers to the people and ideas that will impact their farming operations.

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🔎 Related Phrases:

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, Terry Betker, Tracy Brunet, Impact Farming Show

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