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Critical Success Factors for Business Transfers

Don Hofstrand (July, 2016)

Summary

Before beginning any type of two-generation business arrangement, the parties involved should examine their situation carefully and make a preliminary judgment of their potential for developing a successful two-generation farming operation. The following discussion is designed to help analyze a farming situation. Below are critical success factors for determining the success of a two-generation farming operation. An honest evaluation of the following questions can help operators assess the chances of farming together successfully.