(Posted Thu. May 22nd, 2014)
Succession planning is, or should be, a high priority for most American farmers. According to the USDA, 70 percent of farmland will change hands in the next 20 years. If a farm family has not adequately planned for succession, the farm is likely to go out of business, be absorbed by a large farming neighbor, or be converted to non-farm use. This crisis-in-the-making comes at a time when land prices are out-stripping some farmers’ ability grow their operations and fewer members of the family are involved in day-to-day farming.
Because the National Corn Growers Association is dedicated to strengthening member farmers, maintaining a healthy organization and continuing prosperity for the industry, NCGA offers an exclusive discount when using eLegacyConnect, a dynamic online succession planning community.
“NCGA always strives to provide a rich portfolio of membership benefits that helps farmers maximize their opportunities today and to build a better tomorrow for their families,” said NCGA Grower Services Action Team Chair Tom Haag. “Through the eLegacyConnect benefit, we offer a valuable discount on a service that will help farmers develop a concrete succession plan to ensure the future well-being of their operations.”
The service provides educational resources, action plans, community forums and a number of meaningful experiences to help farm families achieve their succession planning dreams. It has a growing roster of qualified advisors to answer questions and interact with engaged family members in real-time. Additionally, it offers a slate of weekly webinars and regular podcasts to inform the community. eLegacyConnect’s FarmPartner resource is a first-of-its-kind matchmaker to help aspiring farmers connect with transitioning farmers for career opportunities, mentor/protégé relationships and ownership transitions.
To learn more and explore this benefit, click here.