{"id":4062,"date":"2025-08-18T09:00:06","date_gmt":"2025-08-18T15:00:06","guid":{"rendered":"https:\/\/www.uwagec.org\/aglegacy\/?p=4062"},"modified":"2025-08-12T17:23:40","modified_gmt":"2025-08-12T23:23:40","slug":"why-dont-family-businesses-plan-for-succession-10","status":"publish","type":"post","link":"https:\/\/www.uwagec.org\/aglegacy\/2025\/08\/18\/why-dont-family-businesses-plan-for-succession-10\/","title":{"rendered":"Why Don\u2019t Family Businesses Plan for Succession?"},"content":{"rendered":"<p>#AGLEGACY #FarmSuccession #EstatePlanning<br \/>\n<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\/2025\/08\/2025_08_18_AgLegacyNewsletter_FCBK.png\" alt=\"2017_10_AgLegacyNewsletter\" width=\"300\" height=\"388\" \/><\/a><br \/>\n#AGLEGACY #FarmSuccession #EstatePlanning<\/p>\n<p><strong>Why Don\u2019t Family Businesses Plan for Succession?<\/strong><br \/>\n<!--more--><\/p>\n<p><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>#AGLEGACY #FarmSuccession #EstatePlanning #AGLEGACY #FarmSuccession #EstatePlanning Why Don\u2019t Family Businesses Plan for Succession?<\/p>\n","protected":false},"author":1,"featured_media":4063,"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":[16],"tags":[],"class_list":["post-4062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-post"],"_links":{"self":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/4062","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=4062"}],"version-history":[{"count":1,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/4062\/revisions"}],"predecessor-version":[{"id":4064,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/posts\/4062\/revisions\/4064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/media\/4063"}],"wp:attachment":[{"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/media?parent=4062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/categories?post=4062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uwagec.org\/aglegacy\/wp-json\/wp\/v2\/tags?post=4062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}