The $15 Million Lesson Driving Jace Young, His Work, and the Launch of Legacy Farmer

Farm succession is one of the most emotionally charged and financially complex conversations in agriculture—and yet it's often the one families avoid the longest. In this episode of The Impact Farming Show, Tracy sits down with Jace D. Young, founder of Legacy Farmer, to reveal the hard truths about farm succession that most families avoid. Drawing from a pivotal $15 million lesson in his family farm and lessons learned throughout his career, Jace shares his passion for helping farmers succeed and the story behind the launch of Legacy Farmer. From founder fears and control to the myth of "fair and equal," and the realities the next generation must face before stepping into the business, this conversation goes far beyond succession planning and dives into leadership, communication, and financial readiness. If you're a founder, successor, or part of a multi-generation farm family, this episode will challenge how you think about legacy—and what it really takes to protect it. Episode Highlights - The $15 million lesson that changed Jace's family farm and his and life trajectory - How Jace's banking background exposed the hidden risks in farm lending - What legacy truly means beyond land, assets, and inheritance - Why founders stall succession planning—and the fears driving control and delay - The uncomfortable truth about fair vs. equal in farm families - Hard realities the next generation needs to hear before coming back - Why financial disclosure and written agreements are non-negotiable - How long is too long to wait when succession keeps getting postponed In this conversation – Welcome & introduction to Jace Young – The $15 million lesson that changed everything for Jace – From banking to launching Legacy Farmer – What "legacy" really means in farming – Why founders delay succession planning – Control, fear, and identity in farm transitions – The truth about "fair vs. equal" – Hard truths the next generation must face – How a 25-year-old should prepare to come back to the farm – Financial disclosure, written agreements & tough conversations – How long to wait for clarity before moving on – Final advice for farm families navigating succession If this episode resonated with you, share it with your family, business partners, or next-generation leaders who need to hear these truths. Thanks for tuning in, Tracy ============ Call to Action 👉 Subscribe to The Impact Farming Show  https://www.farmmarketer.com/impact_farming_show/sign-up 👉 Leave a review to help more farm families find these conversations 👉 Follow us for more real, honest discussions about the business of farming Show Resources Legacy Farmer: Coaching and education to help farmers master their finances and build a lasting legacy 👉 https://www.legacyfarmer.com Legacy Farmer YouTube & Podcast:  https://www.youtube.com/@Legacy.Farmer https://podcasts.apple.com/ca/podcast/legacy-farmer-the-podcast/id1451112290 ============ ✅ CONNECT With The Impact Farming Show & Farm Marketer 👉 Facebook (The Impact Farming Show): https://web.facebook.com/impactfarming/?_rdc=1&_rdr  👉 Instagram (The Impact Farming Show): https://www.instagram.com/impact_farming_show/ 👉 Facebook (Farm Marketer): https://web.facebook.com/farmmarketercom/?_rdc=1&_rdr   👉 Instagram (Farm Marketer): https://www.instagram.com/farmmarketercom/?hl=en  👉 Twitter (X): https://x.com/farmmarketercom   👉 Website: https://www.farmmarketer.com/     🔎 Related Phrases: Jace Young, Legacy Farmer, Farm Transition Planning, Farm Succession Planning, Tracy Brunet, Impact Farming Show, Agriculture, Farming, Farmlife, Agribusiness, Farm Business, Farm Finance, Farm Management, Sustainable Farming,  Farming Tips, Farm Business Management, Farming Success, Farm Funding Solutions, Agricultural Finance, Farming Innovations, Farm Financial Solutions, Farm Founders, Farm Successors, Agribusiness #JaceYoung #LegacyFarmer #FarmTransitionPlanning #FarmSuccessionPlanning #FarmFounders #FarmSuccessors #TracyBrunet #ImpactFarmingShow #FarmBusiness #FarmFinance #FarmManagement #SustainableFarming #TransitionPlanning #SuccessionPlanning #FarmingTips #FarmBusinessManagement #FarmingSuccess #FinancialIndependenceForFarmers #WealthManagementForFarmers #FarmFundingSolutions #AgriculturalFinance #FarmingInnovations #FarmFinancialSolutions  ⚠️ Disclaimer: I do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of my publications. You acknowledge that you use the information I provide at your own risk. Do your research.  © The Impact Farming Show: Produced by Farm Marketer