There are no guarantees of a perfect decision.
What we know for sure is that a high-quality farm successor is someone with the ability to build on past success and courage to try new ideas, even if it means the former owner(s) might be a bit uncomfortable with the changes. They need to be an experienced problem-solver and energetic. And with the growing complexity around farming and agriculture, a high-quality successor needs strong agricultural and farming expertise plus a strong head for business, leadership and relationships.
Action Point
Take the decisions you’ve made about how you’ll choose your successor(s) and get the process started. Identify the specific skills and competencies your successor(s) will need and record them in your Workbook. Choose your successor(s) and then come back here to continue your succession planning journey.
Next Step
If you have chosen the successor(s) for the farm, continue on to Communicate Your Intentions. If there is no apparent successor(s) for the farm and you don't know what to do, then head to the next section below; it should help.
