{"id":369,"date":"2017-12-11T12:00:06","date_gmt":"2017-12-11T19:00:06","guid":{"rendered":"http:\/\/www.uwagec.org\/aglegacy\/?p=369"},"modified":"2024-04-20T10:45:05","modified_gmt":"2024-04-20T16:45:05","slug":"why-dont-family-businesses-plan-for-succession","status":"publish","type":"post","link":"https:\/\/www.uwagec.org\/aglegacy\/2017\/12\/11\/why-dont-family-businesses-plan-for-succession\/","title":{"rendered":"Why Don\u2019t Family Businesses Plan for Succession?"},"content":{"rendered":"<p><a href=\"https:\/\/www.uwagec.org\/aglegacy\/wp-content\/uploads\/2017\/12\/2017_12_AgLegacyNewsletter.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full\" src=\"https:\/\/www.uwagec.org\/aglegacy\/wp-content\/uploads\/2017\/12\/2017_12_ALNews.png\" alt=\"2017_10_AgLegacyNewsletter\" width=\"300\" height=\"388\" \/><\/a><\/p>\n<p><strong>Why Don\u2019t Family Businesses Plan for Succession?<\/strong><br \/>\n<em>Nearly everyone will recognize the importance of a succession plan for successfully transferring a business to the next generation. Doing no planning or choosing to avoid the issues involved almost always leads to disastrous results. However, less than 40 percent of agricultural businesses have a succession plan. What\u2019s the hold up?<br \/>\n&nbsp;&nbsp; Logic would suggest that developing a succession plan would be an obvious step toward transferring management and business ownership. However, complex forces are at work and, despite recognizing the importance of a plan, most farm owners and managers decide to do nothing about succession.<br \/>\n <\/em><a href=\"https:\/\/www.uwagec.org\/aglegacy\/wp-content\/uploads\/2017\/12\/2017_12_AgLegacyNewsletter.pdf\" target=\"_blank\" rel=\"noopener\"><br \/>\n&#8230;to read more click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Don\u2019t Family Businesses Plan for Succession? Nearly everyone will recognize the importance of a succession plan for successfully transferring a business to the next generation. Doing no planning or choosing to avoid the issues involved almost always leads to disastrous results. However, less than 40 percent of agricultural businesses have a succession plan. What\u2019s the hold up? &nbsp;&nbsp; Logic would suggest that developing a succession plan would be an obvious step toward transferring management and business ownership. However, complex forces are at work and, despite recognizing the importance of a plan, most farm owners and managers decide to do nothing about succession. &#8230;to read more click here<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-369","post","type-post","status-publish","format-standard","hentry","category-ag-legacy-newsletter"],"_links":{"self":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/comments?post=369"}],"version-history":[{"count":5,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/369\/revisions"}],"predecessor-version":[{"id":3035,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/369\/revisions\/3035"}],"wp:attachment":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/media?parent=369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/categories?post=369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/tags?post=369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}