Comprehensive Succession Solutions

Legacy by Design:
Succession Planning for Agribusiness Owners

Agribusiness succession planning creates a pathway to multigenerational success for the owner, family, and agribusiness. 

Through customized solutions for each family, our
comprehensive process addresses:

• Financial Security - A well-crafted succession plan provides financial security.  Current and projected cash flow is a key to planning success.  Each affected family must measure the proposed succession plan and determine the ramifications on their financial security.  Off-farm investment may help the family manage the economic cycles of ownership.  Good financial management is imperative for lasting security.
   

• Management Continuity / Ownership Transition - The plan should detail the process for transferring ownership.  It may be as simple as identifying tomorrow's leaders, establishing a time frame for transition and defining the method of transfer.  In most cases, creating the transition plan requires measuring distributions, defining timelines and establishing the optimal ownership transition.  In evaluating alternatives for ownership transition, maintaining a continuity of management strength should be a primary goal. 
   

• Leadership Development - Most next generation leaders have a solid education and good experience.  They know the fundamentals and perform the requisite chores.  A plan for Leadership Development, including people management, team development, project coordination, business design and professional growth, is critical to continuity growth and lasting success.
   

• Estate Planning - Common estate planning techniques can compromise the integrity of an operation by granting ownership to inactive family members.  An estate plan should reflect farming's unique financial conditions and be designed to maintain the family's financial security, plan for equitable distributions and mitigate the estate tax liability.
  

 
Legacy by Design is dedicated to designing and facilitating the best options to address an owner's succession objectives. We promote planning to preserve tradition.

Comprehensive Succession Planning is designed to...

• Encourage control and eliminate uncertainty
• Create multigenerational wealth
• Promote lasting rewards from a lifetime of work
• Allow peace of mind
• Ensure a lasting legacy

At Legacy by Design, agricultural succession planning is not a sideline - it's our sole purpose. We truly care about the endurance of the American family farm, and carefully design effective solutions that encourage our clients to Plan Success.

Give us a call to schedule a consultation; we provide hometown service from coast to coast.

Read more about the Legacy by Design Team.

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