Accession planning and forecasting

The problem with some succession plans is that they set the next generation up for failure. We like to take an extra step and look at succession from the next generation’s point of view. Planning for transition of ownership needs to be a well thought out process and its important for the next generation to understand what to expect financially. We can help with development of management reporting systems including financial analysis, current and projected cashflows and budgeting. We can help take some of the “scary unknowns” of taking over the farm and turn them into informed decisions. At the very least the next generation will understand what can be expected for various scenarios and have some guidance along the way if needed.