Episode notes
North American dairy faces its greatest crisis - not from market volatility or feed costs, but from failed succession planning. With 83.5% of family dairy operations failing to reach the third generation, we're diving deep into what separates the survivors from the statistics. This episode breaks down the financial, familial, and operational barriers destroying farm legacies and provides a battle-tested roadmap for securing your dairy's future.
Key Topics Covered:
The Succession Crisis
- The Shocking Statistics: 83.5% failure rate for third-generation transfers
- Current State: 71% of retiring farmers lack identified successors
- Industry Impact: From 648,000 farms in 1970 to just 24,000 in 2022
Why Most Plans Fail
- Financial Mountain ...
Keywords
dairy farm succession planningdairy farm legacyfarm transition planningfamily dairy businesssuccession challenges