The Importance of Succession Planning

According to the American Farmland Trust, 40% of the nation’s agricultural land—370 million acres—is owned or operated by seniors. Nearly 300 million acres of American farmland are expected to change hands in the next twenty years.

Passing a farm to the next generation—or preparing it for sale—is more than just estate planning. Succession planning is a complex process that involves transferring three critical aspects of the business: assets, operations, and management.

SETTING THE STAGE FOR SUCCESS

Without clear records of labor costs, productivity, and compliance, the transition can be difficult for both family members and potential buyers.

A well-documented farm not only ensures a smooth handoff but also helps secure the farm’s long-term success.

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Seamless Operational Handoff

Future owners need insight into labor efficiency, payroll history, and crop records. FieldClock keeps all essential records in one place, ensuring new operators can pick up where you left off.

Maximizing Farm Resale Value

Prospective buyers want proof of efficiency and profitability. FieldClock provides detailed reports showing historical labor trends and cost management.

Ensuring Compliance for Future Stability

Regulatory requirements don’t disappear with a farm transition. FieldClock maintains records needed for audits and compliance, protecting future operations.

Management Structure and Accountability

FieldClock helps define and maintain a structured management system by tracking worker performance, task assignments, and payroll, ensuring accountability at every level.

Don’t leave your farm’s future to chance—get started with FieldClock and start planning today!

FieldClock helps you build a seamless transition plan by keeping essential labor and operational data organized, accessible, and easy to understand. Whether you’re handing the farm to family or preparing for a sale, having clear records of assets, operations, and management ensures the next owner can step in with confidence and keep your legacy thriving.

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Data For Succession Planning on Your Farm

Whether you're passing the farm to family or preparing for a sale, FieldClock ensures your labor and operational records are ready for the next generation.