In this special 3-part series, Peggy Coffeen brings you the Tanbark Talk held at World Dairy Expo, where we delved into the complexities of transitioning a farm to the next generation.
- How and why the Oechscners started their 10-year plan to transition their farm to the seventh generation
- Building a transition team
- Defining roles in the business
- Assessing financial feasibility
Part 1 Episode Link: https://creators.spotify.com/pod/show/upleveldairy/episodes/175–How-to-Pass-on-a-7-Generation-Dairy-Farm-Part-1—Getting-Started-e2rgb2v
Part 2: Business Transition Strategies
- Buying out the senior generation while bringing in the junior generation
- Tax strategies
- Business planning
Part 2 Episode Link: https://creators.spotify.com/pod/show/upleveldairy/episodes/176–How-to-Pass-on-a-7-Generation-Dairy-Farm-Part-2—Business-Transition-Strategies-e2rhjif
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Detailed Operating and Buy-Sell Agreements
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Addressing Housing Policies
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Compensation and Roles in Family Farms
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Involving Spouses and Significant Others
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Bringing in Non-Family Members
YouTube Link for Full Video: https://youtu.be/mG5lFAHyrOA
The Uplevel Dairy Podcast hosted by Peggy Coffeen is a podcast for dairy owners and managers looking to take their business, management and leadership to the next level. Learn from other dairy managers and hear from industry experts on employee management, finance, family business and more.
Visit UplevelDairy.com, and find the Uplevel Dairy Podcast on Apple Podcasts, Spotify, Amazon Music and YouTube.
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