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CBKimbrell advises starting farm succession gradually while you’re alive — “and I…

Brief

CBKimbrell urges farmers to make succession a gradual, in-life process rather than waiting until old age to avoid stress. He links Hoosier Ag Today’s summary of a Purdue @PUCommercialAg survey showing 17% of farmers rank farm transition as their top long-term challenge—second only to commodity prices—and a July Purdue–CME barometer rebound to 126.

Why it matters

CBKimbrell advises starting farm succession gradually while you’re alive — “and I don’t mean start when you’re 70” — to reduce stress during the transition.

Key details

  • Hoosier Ag Today cites a Purdue @PUCommercialAg survey finding 17% of farmers say farm transition is the biggest long-term challenge for their operation, making it the second-largest concern behind commodity prices.
  • The linked Purdue report notes the Purdue University–CME Group Ag Economy Barometer rebounded in July, rising 13 points to a reading of 126.
Source evidence

If you’ll make that transition a little at a time while you’re alive (and I don’t mean start when you’re 70) it won’t be so stressful.

Hoosier Ag Today (@hoosieragtoday)

According to the latest @PUCommercialAg survey, 17% of farmers say farm transition is the biggest challenge to the long-term success of their operation—making it the second-largest concern behind commodity prices.

@PurdueAg @PurdueAgEcon

hoosieragtoday.com/?p=162559

Link

Purdue Report: Farm Succession Now Ranks Among Agriculture's Biggest Long-Term Challenges

Farmer sentiment across the country saw a welcome rebound in July, snapping a three-month slide as the Purdue University-CME Group Ag Economy Barometer climbed 13 points to a reading of 126. Suppor...
hoosieragtoday.com

— https://nitter.net/hoosieragtoday/status/2085154453733380373#m