Bob Betz and Steve Griessel offer these suggestions to growers, winemakers, and others involved in agriculture interested in developing a succession plan: 1. Plan ahead. • Allow several years to develop succession plan. • Get your financial house in order, trends going in right direction. • Have available past tax returns, profit/loss statements, and critical loans paid off or already renegotiated. • Allow plenty of time to find a buyer and negotiate a deal. It won’t happen in a few months. 2. Decide what you truly want to accomplish. • Are you really ready to fully retire from something that […]
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