“Don’t be afraid to ask dumb questions. They’re more easily handled than dumb mistakes.” — William Wister Haines
…seems like good advice regarding the process of transitioning your farmland. Keep it in mind as you engage your financial planner, attorney or a farm transitions coach for help.
On this page there are a couple exercises that will help you be better prepared for a few eventual scenarios and potential pitfalls.
A :: Communication Styles
One thing to keep in mind is that you and the other decision makers in the family will have different communication styles: 1. fill out the following worksheet and have other stakeholders do the same; 2. keep in mind that you will need to acknowledge in this process that you and your family may have the same values, vision, mission and goals – but have very different ways of communicating them.
B :: Wants – Needs – Fears
When you sit down and start to explore what could happen to the family farm, it can sometimes be useful to put down on paper what it is exactly what you want to have happen. Don’t try to solve the “how” part of the plan at this point – just the “what.”
Worksheets are used with permission of John Baker - http://www.farmtransition.org/