Farm Family Business: Boost the Next Generation’s Success
Article By Kim Adrian (DTN Progressive Farmer)
EXCERPT: In the world of family-owned businesses, there are lots of scary succession statistics. One that appears most often is that only 30 percent of family-owned businesses make it from the first generation to the second, 17 percent make it to the third generation, and about 5 percent make it to the fourth generation. I believe the success rate is higher in agriculture, but the point is clear: Making the leap from one generation to the next is not easy.
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