Farm Succession: Exiting the Business In a Timely Manner

How soon should you start succession planning? What are important things to think about that need transferred? What makes a good business partner, and how can you make this decision?  On this episode, Purdue ag economist Brady Brewer discusses these succession questions along with tips on how to accomplish this transition in your farm business. Joining him in the discussion is the Purdue Farm Transition team, Dr. Maria Marshall, Director of the Purdue Institute of Family Business, and Renee Waitt, Farm Business Management Specialist, along with Denise Schroeder, Area Director and Extension Educator in White County.    If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.    Podcast provided by Purdue University's Center for Commercial Agriculture. Find the rest of this farm succession series at http://purdue.ag/successionplan and more information on farm succession planning on the Purdue Institute for Family Business’ YouTube channel.