PROGRAM OBJECTIVE: What happens when “this will never happen” suddenly does happen? Few farming operations survive an unexpected change to the ownership and/or the management structure of their farm business, let alone a crisis situation within the family itself. Some families avoid discussing the real life “what if” issues such as unexpected death, sudden illness or a farming accident, family legal disputes, as well as financial struggles that might jeopardize the future of their farming operation. Family members often pretend this could never happen to our farm. But what if it does happen? What might now happen next? Being prepared with a contingency plan enables a farming business to survive a potential shark attack (unexpected change) while remaining profitable and continue to prosper for future generations.
Farm families must embrace the importance of developing as well as implementing a business contingency planning process to achieve a successful farm succession plan so that their farming operation remains in the family for future generations. No one wants to be in the Shark Tank and be faced with a stressful situation if and when the unexpected happens. This program will help farm families to find needed answers as well as solutions. Initiating a business contingency plan is an effective management strategy for success in case a sudden unexpected change (shark attack) happens to the farm or family or even both at once.
This program will accomplish the following four Learning Objectives for farm families: