Planning family future full of pitfalls

Planning is one of the most critical functions of management. Planning decisions can range from the short term of addressing the everyday “fires” of the farm business to long-range planning for retirement, transition and estate planning.
Ohio farmers have always been very proactive in planning to meet the production needs of their operation. They can juggle 100 different tasks simultaneously and are always working to find the best corn to plant for silage, the best weed control to utilize, or the best young dairy sire to use.
One area that farmers feel uncomfortable planning for is the future of the farm without them. After all, Mother Nature has taught us well that we must take farming day by day and planning for the future can take place when it rains. But then the rainy day comes and the tractor needs fixed or a well deserved nap takes precedence.
Questions. As farmers plan for the long term success of their business there are a myriad of questions to be asked. Some of them include:

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