Elaine Froese Farm Succession

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• published: 28 Nov 2011
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http://www.elainefroese.com/ Planning for Change: The Cycle of Renewal Farmers Don't Retire... They Re-invent! You love farming and you never plan to really quit. Your spouse has other ideas. You are both in different stages of the cycle of renewal, but don't know it. Your adult children want you to move to town. What are you going to do? Nothing? That doesn't feel very good! How about planning for change, letting go and taking on new plans? Discover how in this revealing presentation. Session Solution: Hudson Institute of Santa Barbara's planning for change map gives insight and direction for moving ahead. Mapping out the cycle of renewal clears up why you are stuck. Know what you need to let go of, take on, move on, and hold on to. Appreciate the other person's perspective of change and renewal. Acknowledge the steps you need to take to get to the next stage of the planning cycle. Enjoy freedom to get what you want in your new role. Forget about retirement, you're re-inventing yourself on the farm! Really? Elaine is a certified Hudson Institute of Santa Barbara Coach (www.hudsoninstitute.com). She is highly trained to help people see where they are on the cycle of renewal map in order to plan for change. She's the farm family coach your clients need to connect with! She has presented this workshop and keynote across the prairies. The key issue is discovering that your perspective and stage of the cycle can be completely opposite to your spouse and business partners. This makes planning for change a challenge, unless you identify what to let go of, "drop the bananas," and what to take on. A long time 50 year old female client who had refined the art of procrastination to the nth degree was so moved by the end of your presentation that she accepted your permission to "drop the bananas." She contacted me Monday to see how soon we could have a mutual financial planning appointment to do some planning which will include the selling of the family " Century Farm". A very, very emotional decision on her part that was not likely to have occurred without your presentation. --Don Forbes, CAFA, CFP Don Forbes and Associates Financial Planning Who Wants the Farm... and When? Farm Succession Planning Tools for Action Farming dads need to transfer control and ownership (eventually) to younger farmers. If there is no successor, then what ? If there is a keen successor... congratulations! What do young farmers want? They want certainty of ownership, and a plan with deadlines. They want the farm intact. What do older founding farmers want? To be useful and appreciated. Fairness. They want an income stream for their lifestyle needs. Get the tools you need to successfully create a farm succession plan. Session Solutions: Understanding barriers to farm succession planning Knowing the age needs that cause conflict Discover ways to get certainty about everyone's future and income Explore building a team of expert advisors Define timelines for the process. This is not Roundup®! Know the next steps that you need to take now! Assess what is fair DNA pay and sweat equity compensation. Elaine delivers actionable information farm business owners and managers can implement today. People seek out advisors after she hits home with her message. She challenges farm family businesses to get "unstuck" and not accept the high anxiety and stress of poor decision making. Her tools are grounded in years of working with farm succession planning and coaching. She's survived two succession plans and can talk about it. Elaine's a farmer and speaks to the heart of farm family issues. Her stories make people feel like she's literally been at their kitchen table for years! Elaine's warm and charismatic personality afforded her great success in getting some of these producers into a productive mindset that can get them prepared to face and adapt to the inevitable evolution of the BC cattle industry... Elaine's presentation style is professional and authoritative, yet gives a person the feeling that they are talking to a friend and confidante who has their best interests in mind. It's her genuine concern for the happiness of her clients that makes her so successful in helping agriculture families.