{"id":3999,"date":"2020-04-16T07:00:56","date_gmt":"2020-04-16T13:00:56","guid":{"rendered":"https:\/\/elainefroese.com\/?p=3999"},"modified":"2020-04-16T07:00:56","modified_gmt":"2020-04-16T13:00:56","slug":"staying-on-track-with-your-vision-during-uncertain-times","status":"publish","type":"post","link":"https:\/\/elainefroese.com\/2020\/04\/16\/staying-on-track-with-your-vision-during-uncertain-times\/","title":{"rendered":"Staying on Track with Your Vision for Family, Farm, and Ownership During Uncertain Times"},"content":{"rendered":"

If April 20<\/span>th<\/span> is the deadline on your farm to have the machinery field ready, you likely aren\u2019t in the house reading this on paper, but perhaps you\u2019re on my website blog, killing time in the field waiting or enjoying auto-steer.<\/span><\/p>\n

Farmers are problem solvers and fixers, but I don\u2019t think we anticipated the ripple effect of a pandemic on our families, our farms, and our future. I\u2019ve spent the last few weeks anchored at my farm office, calling out to farmers, listening, and drilling deep to share a well of hope. On a zoom call with fellow Hudson Institute coaches, one coach quoted Andrew Grove, who was the COO of Intel as saying, \u201ca crisis always ends. What matters is how we come out on the other side.\u201d<\/span><\/p>\n

\"\"<\/p>\n

\u00a0We have to put a crop in and tend to livestock. We have some gifts of time now. \u201cDo not waste the crisis, as there are opportunities to discover,\u201d said Norm Trainor of<\/span> www.covenantgroup.com<\/span><\/a>,<\/span> encouraging business to thrive in times of uncertainty.<\/span><\/p>\n

Clarity of expectations, the certainty of timelines and agreements, and a commitment to action are the three C\u2019s I have been sharing with farm families for a long time<\/a>. Let\u2019s take a next step approach to seize questions to find clarity and create more certainty in April 2020.<\/span><\/p>\n

Staying on Track with Your Vision for Family, Farm, and Ownership During Uncertain Times<\/h2>\n

What are your current visions for your family, your farm, and your ownership?<\/span><\/p>\n

Family Vision<\/b><\/h4>\n

Guiding principles, values, connectedness, harmony, communication.<\/span><\/p>\n

I think this<\/span> article from Forbes<\/span><\/a> is an excellent read on how family discussions of the current reality can build security and a sense of confidence. We need to have austerity plans and cope with losses.<\/span><\/p>\n

Farm Vision<\/b><\/h4>\n

Business plan, compensation, contingency plans, decision making systems to deal with future uncertainty, business values, alignment with farm goals,<\/span><\/p>\n

Ownership Vision<\/b><\/h4>\n

Succession plan, estate plan, transfer of wealth, enjoyment of new roles, ownership.<\/span><\/p>\n

Trainor coaches us to work on:<\/span><\/p>\n