In Practice a publication of Holistic Management International
NOVEMBER / DECEMBER 2013
NuMBER 152
w w w. h O l i s t i C M a N a g E M E N t. O R g
Planning with the Next Generation in Mind—
A Whole Farm Approach to Succession Planning
~ INSIDE THIS ISSUE ~
Grazing For Results by ANN ADAMS
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Don and Bev Campbell and their extended family with whom they ranch.
FEATURE STORY
Larson Farm— Healthy Food & Land HeATHeR SMITH THoMAS . . . . . . . . . . . . . . . . . . . . .
Land & Livestock
CONTINUED ON PAGE 2
Holistic grazing planning and implementation has helped many producers create profitable livestock operations and improved their land health. One example is Jay and Krista Reiser. Read more about their story on page 8.
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Jay and Krista Reiser— A Successful Start to Ranching with Holistic Management HeATHeR SMITH THoMAS . . . . . . . . . . . . . . . . . . . . .
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Fettig Ranch— Custom Grazing and Improved Pastures HeATHeR SMITH THoMAS . . . . . . . . . . . . . . . . . . .
News & Network
n estimated 70% of farms in the U.S. will change hands in the next 20 years with over 500,000 farmers retiring during that time period. If you are involved in one of those farms or ranches you might be interested in learning how Holistic Management has been used as a whole farm planning approach for succession and estate transfer planning. Many families have found the tool of a Holistic Goal, and testing decisions and creating plans with that goal in mind, to be the foundation for their succession plan, and that foundation has been tremendously helpful. As most estate and succession planners will tell you, having the important conversations and getting the right professionals involved at the right time is the key to a successful transition. After all, a successful succession plan is one that results in a successful transition for all parties for many years, not just after the older generation has passed on. For that reason, a succession plan is well in place and skills and resources have been developed before the final transfer happens. Depending on the size and complexity of your operation, you may have a number of professionals involved in your succession plan including whole farm planning facilitators, estate planners, financial planners, attorneys, accountants, and conservation organizations. As I have talked with numerous Holistic Management practitioners over the years, one common theme came up—they had been setting the stage for a successful succession plan for years before they actually created that plan— by having a Holistic Goal and using it to create a successful family business. Most Holistic Management practitioners operate a family business. They began practicing Holistic Management because they liked the idea of incorporating a valuecentered, decision-making and planning process that focused on the triple bottom line. They also found, even if they were not initially aware, that a Holistic Goal creates ownership across the family and is a valuable tool to improve family communication
Development Corner . . . . . . . . . . . . . . . . . 16 Reader’s Forum . . . . . . . . . . . . . . . . . . . . . . 17 Certified educators . . . . . . . . . . . . . . . . . . . 19 Book Review . . . . . . . . . . . . . . . . . . . . . . . . . 20 Marketplace . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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