Episode 240: Passing Down The Family Farm with Clint Fischer
Friday, September 20, 2024
Reference: Impact Farming
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Episode 240: Passing Down The Family Farm with Clint Fischer
Tracy speaks to Clint Fischer about “Passing Down The Farm" in this week's episode.
In this episode, Tracy speaks to Clint Fischer about all things farm transition planning:
- For decades, the industry has been educating and pushing succession planning for farmers at events, in articles, etc. Are we making progress as an industry?
- What are the main reasons/obstacles that keep farmers from starting?
- Who are the best individuals to hire to help you create your transition plan?
- When is the best time for Generation 2 to start the transition planning conversation?
- Clint touches on entitlement.
- He shares his three-phase approach to transition planning.
- Should management and ownership transition happen at the same time or in different stages?
- Clint covers this and so much more.
Is transition planning on the horizon for your farm? If so, you won’t want to miss this episode.
Thanks for tuning in friends,
Tracy
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* Disclaimer - As always, this information is not intended to provide business or medical advice. To ensure that your own circumstances have been properly considered and that action is taken based on the latest information available, you should obtain professional advice from qualified business or medical professionals before acting on any of the information in this post.
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Show Resources
Connect with Clint Fischer: https://braintrustag.com/about/
Braintrust Ag: https://braintrustag.com
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Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed.
Please take a moment to check out this week's show sponsor: Pioneer® Made To Grow™
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Show Guest
Clint Fischer
Clint Fischer is a South Dakota attorney with a focus on family farm operations. My passion is helping ag people with farm business solutions, succession planning, and estate planning. Through my experiences, I’ve discovered that my two greatest skills are: 1) bringing people together to feel connected, included, and seen; and 2) explaining complex topics in a way that’s easy to understand.
I founded Braintrust Ag as a central hub for valuable information—a place where folks can access the tools I use daily. But the farmers, ranchers, and ag business owners I aimed to help wanted more. They sought connections and learning opportunities with their peers. This led to the evolution of Braintrust Ag into an online peer group, offering all the benefits of the local elevator/gas station coffee crowd without the neighborly competition.
Today, Braintrust Ag connects operators from around the globe. A farmer in Minnesota can now learn what works (and what doesn’t) from a farmer in Canada or Tennessee. We’re tackling the isolation often found in agriculture while sharing ideas to build better farm businesses.
I believe that to preserve family farm legacies, two things are essential:
1. Operations must be well-managed, financially viable, and attractive businesses.
2. Operations must have a written transition plan.
Greatness is found in the agency of others. We rise or fall based on the strength of our peer group. That’s why at Braintrust Ag, you’ll find a welcoming community of business-minded ag folks ready to support each other.
Connect with Clint Fisher: LinkedIn / Book a time with Clint Fisher
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The Impact Farming Show
Welcome to Impact Farming, Farm Marketer's video and audio show dedicated to helping Canadian farmers excel in the business of farming. Our goal with this show is to introduce our audience to the people and ideas that are going to make an IMPACT on their farming operation.
Show Host - Tracy Brunet
CEO of Farm Marketer
Tracy and her husband are cattle ranchers in South East, Manitoba. As host of the show, primary producer and agvocate, Tracy is passionate about helping farmers succeed in the business of farming.
In each episode, Tracy chats with today's most successful farm advisors and industry leaders to bring our audience the best and most important ideas.
Connect with Tracy Brunet - Twitter / Facebook / Instagram / Linked in
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