Why You Need a Succession Plan

It's time to get serious about the future of your farm.

If you don't have a farm transition plan in place, you're not alone. According to the U.S. Department of Agriculture, roughly half of farmers don't have a succession plan in place.

Farmers often avoid preparing for succession because the process is stressful. It requires asking difficult questions and engaging in uncomfortable conversations, but having a succession plan ensures your business will transition from one owner to the next seamlessly and your legacy will remain long after you’re gone.

We can't stress the importance of having a plan in place. Delayed succession planning can lead to complex and challenging problems that can have a severe impact on your family's future. To learn more about these problems, take a look at our Guide to Succession Planning.

Lincoln Savings Bank has helped families across Iowa develop succession strategies for decades. By teaming up with an experienced financial professional, we can help you develop an effective strategy tailored to meet your needs.

Succession planning always starts with a conversation. Do you have a couple of minutes to talk with one of our succession planning experts? Simply fill out the form below and we'll be in touch.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, LA, MD, MI, MN, MO, MS, NE, NJ, NY, OH, OR, PA, SD, TN, TX, VA, WI, WY.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Lincoln Savings Bank and LSB Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using LSB Wealth Management, and may also be employees of Lincoln Savings Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Lincoln Savings Bank or LSB Wealth Management. Securities and insurance offered through LPL or its affiliates are:
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