To be profitable in the long term, family agribusinesses need to confront the obstacles inherent in succession planning. These obstacles often prevent family members from moving from their current state to navigating the succession planning process smoothly and successfully.
CHALLENGE 1: LACK OF APPRECIATION, RECOGNITION, AND LOVE
The problem: The senior generation desperately wants appreciation from their adult children, but they will deny this fact to their dying day! Younger-generation adult children have the same issue: they are still looking for recognition from their parents for their accomplishments and uniqueness.
‘THE EMOTIONAL BOTTOM LINE IS JUST AS IMPORTANT AS THE FINANCIAL BOTTOM LINE’
The lack of feeling recognised and appreciated underlies many of the problems in
