Farm Succession: Contingency Plan

A contingency plan is a set of procedures that defines how a business will operate in the event that some sort of disruption to the business occurs. Dr. Maria Marshall and Renee Wiatt join Dr. Brady Brewer to discuss what is in a contingency plan, risks that a contingency plan can cover, and why having one is needed for a successful farm transition.

If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. Find the rest of this farm succession series at http://purdue.ag/successionplan and more information on farm succession planning on the Purdue Institute for Family Business’ YouTube channel.