Farm succession planning is tough enough. Among those trying to plan for a peaceful and successful transition of the farming operation from one generation to the next, know that each age group has a different focus, goals and priorities, and sees things from a different angle.
Allan Vyhnalek, Nebraska Extension farm transition specialist, has been helping farm families navigate these difficult waters for years and has picked up a few pointers through his research and experiences with transitions.
Vyhnalek says that every transition plan will be unique, because families and operations are all different. But no matter the intricacies of the planning process, it is helpful, he says, to understand the generational differences and acknowledge the fact that they play a role in how the transition planning goes.
Most farms being transitioned to the next generations fall into these groups:
Matures, born between 1925 and 1945, are at the ages of 76 to 96.
Baby boomers, born between 1946 and 1964, are at the ages of 57 to 75.
The younger groups that might be involved in the transition, including Generation X, millennial or Generation Y, and Generation Z or digital natives, probably see things differently from the first two groups. Even the way in which they communicate can be different.
Through it all, understanding the priorities of each generation and respecting what they feel is important, while still communicating the needs and expectations of each group through the process, takes some patience, time and understanding, Vyhnalek says.
Vyhnalek will offer advice on farm transition planning on the Nebraska Farmer Hospitality Tent stage daily:
1 p.m. Sept. 13
2:30 p.m. Sept. 14
1 p.m. Sept. 15
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