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Having Hard Conversations About Farm Succession With Renee Wiatt
03/27/2025
Having Hard Conversations About Farm Succession With Renee Wiatt
This week on the FarmHouse, a podcast by Lancaster Farming, we’re talking to Renee Wiatt, a family business management specialist at Purdue University who specializes in farm transitions. Farm succession can be rife with challenges and hard conversations, but according to Wiatt, it’s not something farm families should wait to tackle. The process of transitioning the farm isn’t a single event, but a process, that can last for years. “If we look at data, on average, if we’re transferring a family business within the same family, it takes about six and a half years from the start of succession to the end,” Wiatt said. While ownership transfer often happens upon the owner’s death, Wiatt stressed that operational transition requires a more gradual approach. That can start with farmers documenting the whos, hows, whys and wheres of their operations. “Another thing we can do is write down job descriptions,” Wiatt said. “A lot of times farmers laugh at me when I say this. They say, I know what I do and I say, yeah, you know what you do, but does everybody else who works on your farm know what you do? No.” She encourages farmers to start documenting month by month, season by season, the things they do that other people might not know about, as well as the locations of tools, paperwork and names of businesses or people associated with that work. Wiatt acknowledges the conversations around farm transitions can be intimidating, especially when families are involved, and therefore advises keeping the business of the farm separate from home life. “We do not encourage those planning conversations to happen at dinner table, at family gatherings, at family holidays. We want those to be really thoughtful and mindful conversations outside of the family setting,” she said. It’s beneficial when the farmer can start these conversations, she added. Family members may be curious about the future of the farm but often hold back from bringing up their concerns to avoid potentially uncomfortable subject matter. “I like to put it this way: As the incumbent, as the owner, it’s a lot easier for them to say, hey, would you like to join my party than the potential successor to say, hey, I heard you’re having a party, can I join?” Wiatt said. More Info:
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