East Multnomah and Clackamas Soil and Water Conservation Districts and the Clackamas Small Business Development Center (SBDC) are hosting a free Farm Succession Planning workshop series for agricultural business owners. The series will explore many topics — from identifying a transition plans to navigating the Oregon estate tax. Attendees will also receive free one-on-one counseling […]
The generational cycle of success
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Proper farm transition planning, including timing, protects the viability of the business going forward Agriculture, with its continuous cycle of planting and harvest rooted in valley soil, becomes a way of life. Leaving that rhythm behind to retire from the farm can be difficult. Farm leadership brings prominence and identity in an important profession, often […]
Elements of a transition
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A nursery transition plan must consider the optimal timing to change ownership, management, control — or ultimately, all three A nursery business is often nurtured, grown, and sold much like the plants raised in the nursery. One big difference is that the succession planning cycle happens over many years — not just one or two growing […]
Planting seeds for the future
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To achieve the desired outcomes, business transition planning should begin early and cover all the bases No matter how you’ve built and grown your nursery, there’s one milestone you’ll eventually approach: transitioning business ownership to someone else. Whether that successor is a family member, management group, or a third party, succession affects your business, family, […]
Making the handoff
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Family-owned nurseries follow a variety of models to transition to the next generation of ownership They say two things in life are certain — death and taxes — but death also implies a third certainty, and that’s retirement. If one doesn’t choose a retirement date, sooner or later it will be chosen for them. It’s better […]
In the beginning
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Startup nurseries draw on inspiration, entrepreneurial desire and the mentorship of others Every nursery has a different story, and every story has a beginning. Although one of every five small businesses is family run, according to the U.S. Small Business Administration, the percentage of nurseries that are family run is undoubtedly much higher. The ownership […]