Video: Get Out of the Way, Without Going Away - Making the Management Transition
Presented by Dick Wittman, Wittman Consulting
Farm retirement transition is much more complex than it was 50 years ago.
Capital required to sustain an economically viable farm rarely lends itself to a simple buyout and exit from business involvement at retirement.
Farm managers have groomed successors who are ready and able to take the reins of management, but these managers are often still significant owners in the business after management transition and letting go is hard.
They struggle with the question, “How do I get out of the way, without going away?”
A critical part of the answer to this question is extending your career path thinking by re-defining and creating new roles on the farm that allow incoming talent to flourish while still retaining access to institutional knowledge of retiring managers.
This keynote will address the complex dynamics of making the management transition and delves into the complex and often unspoken personal and business dynamics in this critical transition.