{"id":4266,"date":"2020-09-03T05:00:57","date_gmt":"2020-09-03T11:00:57","guid":{"rendered":"https:\/\/elainefroese.com\/?p=4266"},"modified":"2020-09-03T05:00:57","modified_gmt":"2020-09-03T11:00:57","slug":"farm-transition-planning-19-ways-to-change-your-mindset","status":"publish","type":"post","link":"https:\/\/elainefroese.com\/2020\/09\/03\/farm-transition-planning-19-ways-to-change-your-mindset\/","title":{"rendered":"Farm Transition Planning: 19 Ways to Change Your Mindset"},"content":{"rendered":"

Long harvest hours give you time to think about what is working on your farm and what needs to be tweaked. Our thoughts drive our actions. It\u2019s time to check your mindset to consider how you can create more certainty for yourself as the owner, and the next generation who wants a piece of equity along with certainty for their future. This mindset shifts will put you in the right frame of mind for successful farm transition planning.<\/span><\/p>\n

[Tweet “A long #harvest season gives you plenty of time to think. Today I encourage #farmers to start thinking about the #farm transition plan. Get in the right frame of mind by making these important #mindset shifts:”]<\/p>\n

Secrets of Successful Farm Transition Planning\u00a0<\/span><\/h2>\n

\"secrets<\/p>\n

When it comes to farm transition planning, sometimes our attitudes and beliefs hold us back. By examining old ideas in a new light, you just might find the breakthrough that will lead you to a successful plan that leaves both you as owner and the next generation satisfied. It takes a mindset shift<\/a>, so I am sharing 19 ways you can get started.<\/span><\/p>\n

1. Be Curious<\/span><\/h3>\n

Approach conversations with a desire to find out what the common interest is for you and the next generation. You likely all want a profitable farm, harmonious working relationships, and a clear direction for the growth of the business. Ask, \u201cI am just curious\u2014what is it we all want?\u201d<\/span><\/p>\n

2. Stop Judging<\/span><\/h3>\n

Adopt a learner mindset and ask, \u201cWhat am I responsible for?\u201d<\/span><\/p>\n

3. Embrace Good Choices<\/span><\/h3>\n

We all get to choose our response when pressed with tough questions. Choosing to be kind, gracious, and patient will make farm transition planning easier for all involved (including you!).<\/span><\/p>\n

4. Talk to Advisors\u00a0<\/span><\/h3>\n

Build your team of experts to guide you. Use time on the combine\/tractor\/truck to talk about timelines for getting your farm transition planning done. Call your lawyer for updates on your will and power of attorney.<\/span><\/p>\n

\"farm<\/p>\n

5. Think About Fair Exchange of Value<\/span><\/h3>\n

The Canada Ag Partnership program may have some funds available to you for financing farm transition planning or succession planning. If you still do not have a will, you are foolish. You need to pay for services to protect your family and your future well-being.<\/span><\/p>\n

6. Be Proactive Rather Than Reactive<\/span><\/h3>\n

Communication with your farm team and your family is the first step. Don\u2019t wait for accidents, health issues, or external threats to your business to force your hand.\u00a0<\/span><\/p>\n

Brene Brown says, \u201cBeing clear is kind.\u201d It\u2019s time to explore three key things:<\/span><\/p>\n