Succession Planning

Successful businesses continue their existence through family members or are sold to outside parties. In either case, a strategic transition needs to take place to maintain the performance of the business while transferring management and ownership of the operation.

We are currently working on a generational transition, and the friendly support of the entire AgChoice staff has helped this process move forward.

Rodney Smyser
Richlawn Farms

Rodney Smyser

AgChoice Farm Credit provides business, financial and wealth management expertise to transitioning enterprises to make these transfers effective. Our knowledge of agriculture, farming and finance position us to understand the associated needs beyond the business functions of the transition.

Transition / succession planning is valuable in many ways:

Children transitioning into management of the operation
Family members transitioning into ownership of the business
New business structures put in place to accommodate non-family partners