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Clink Fischer

👤 Person
321 total appearances

Appearances Over Time

Podcast Appearances

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Number one and first and foremost is the ones who have treated their operation honestly as a business versus tying in all of their lifestyle considerations. And so there's that separation between here's our family, We own land. We own a farming operation. We have business management policies and procedures in place. We meet monthly, quarterly, annually to talk about the farm business.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Number one and first and foremost is the ones who have treated their operation honestly as a business versus tying in all of their lifestyle considerations. And so there's that separation between here's our family, We own land. We own a farming operation. We have business management policies and procedures in place. We meet monthly, quarterly, annually to talk about the farm business.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Number one and first and foremost is the ones who have treated their operation honestly as a business versus tying in all of their lifestyle considerations. And so there's that separation between here's our family, We own land. We own a farming operation. We have business management policies and procedures in place. We meet monthly, quarterly, annually to talk about the farm business.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

But that isn't what I eat, breathe, and sleep every day as a family person. those operations are the ones that transition the best because we're looking at things a little bit more objectively versus trying to recognize how does land transition? How does the equipment transition? How are we going to be able to support on-farm and off-farm kids?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

But that isn't what I eat, breathe, and sleep every day as a family person. those operations are the ones that transition the best because we're looking at things a little bit more objectively versus trying to recognize how does land transition? How does the equipment transition? How are we going to be able to support on-farm and off-farm kids?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

But that isn't what I eat, breathe, and sleep every day as a family person. those operations are the ones that transition the best because we're looking at things a little bit more objectively versus trying to recognize how does land transition? How does the equipment transition? How are we going to be able to support on-farm and off-farm kids?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And it is much clearer and much more well-defined when we have a separate operation versus those who don't. That's why I'm, I'm kind of tying all these pieces together. And that's what we try to do with brain trust egg is recognize a street. Number one, let's let's build an attractive egg business. Number two, let's transition this thing in a reasonable way to keep all the stakeholders involved.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And it is much clearer and much more well-defined when we have a separate operation versus those who don't. That's why I'm, I'm kind of tying all these pieces together. And that's what we try to do with brain trust egg is recognize a street. Number one, let's let's build an attractive egg business. Number two, let's transition this thing in a reasonable way to keep all the stakeholders involved.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And it is much clearer and much more well-defined when we have a separate operation versus those who don't. That's why I'm, I'm kind of tying all these pieces together. And that's what we try to do with brain trust egg is recognize a street. Number one, let's let's build an attractive egg business. Number two, let's transition this thing in a reasonable way to keep all the stakeholders involved.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Um,

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Um,

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Um,

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

So the answer is yes and no. Uh, typical attorney, right? Just for the listeners, the default answer for an attorney is it depends. Um, and accountants and bankers and accountants and bankers, anybody in professional services world. But, uh, What I've seen, to answer your question directly, Corey, is yes. However, it took buy-in from both the owner generation and the successor generation. Okay.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

So the answer is yes and no. Uh, typical attorney, right? Just for the listeners, the default answer for an attorney is it depends. Um, and accountants and bankers and accountants and bankers, anybody in professional services world. But, uh, What I've seen, to answer your question directly, Corey, is yes. However, it took buy-in from both the owner generation and the successor generation. Okay.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

So the answer is yes and no. Uh, typical attorney, right? Just for the listeners, the default answer for an attorney is it depends. Um, and accountants and bankers and accountants and bankers, anybody in professional services world. But, uh, What I've seen, to answer your question directly, Corey, is yes. However, it took buy-in from both the owner generation and the successor generation. Okay.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And I think that is really where we can make that change happen is if I can convince the owner generation who are in their 50s or 60s that you're not going to be doing this forever. You're not going to be 90 years old and still making all the decisions. If you can transition the management duties early enough, then yes, it is feasible and doable and we can make that thing happen.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And I think that is really where we can make that change happen is if I can convince the owner generation who are in their 50s or 60s that you're not going to be doing this forever. You're not going to be 90 years old and still making all the decisions. If you can transition the management duties early enough, then yes, it is feasible and doable and we can make that thing happen.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And I think that is really where we can make that change happen is if I can convince the owner generation who are in their 50s or 60s that you're not going to be doing this forever. You're not going to be 90 years old and still making all the decisions. If you can transition the management duties early enough, then yes, it is feasible and doable and we can make that thing happen.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And so it takes, like I said, buy-in on both the owner generation. The successor generation needs to approach it in a way that is not, I'm entitled to this. I don't have my hand out, but I have skills and knowledge and am willing to work my tail off to make this transition happen.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And so it takes, like I said, buy-in on both the owner generation. The successor generation needs to approach it in a way that is not, I'm entitled to this. I don't have my hand out, but I have skills and knowledge and am willing to work my tail off to make this transition happen.