Succession Planning Self-Assessment

From tractor keys to trust—this is your roadmap.

For the most accurate results, please answer the following questions being as honest as you can be.

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QUESTION 1 of 21

How would you describe your current understanding of succession planning?

I’ve heard the term, but don’t really know what it means

I know a little, but haven’t looked into it

I’ve looked into it some, but haven’t started anything

I’ve started planning, but need help finishing it

We’ve got a plan, but I’d like someone to look it over

Please make a selection.

QUESTION 2 of 21

What’s motivating you to think about succession planning now?

Worried about taxes

Health concerns or getting older

Wanting to keep the farm in the family

Kids or grandkids are bringing it up

Our operation’s grown and it’s time to get serious

Other

Please make a selection.

QUESTION 3 of 21

Who is initiating this process?

My kids

Grandkids

Someone outside the family

Please make a selection.

QUESTION 4 of 21

When was the last time you reviewed or updated your estate or succession plan?

We’ve never done any

It’s been more than 10 years

Somewhere between 5–10 years

Within the last 3 years

We’re working on it now

Please make a selection.

QUESTION 5 of 21

What best describes your current business structure?

Just under our personal names

Informal family arrangement

We’ve set up an LLC or corporation

We use multiple entities

I’m not sure

Please make a selection.

QUESTION 6 of 21

Do you currently work with any of the following advisors?

No one right now

A CPA or tax pro

A financial advisor

A farm business advisor

An estate or trust attorney

Please make a selection.

QUESTION 7 of 21

What is your biggest concern when it comes to succession planning?

Making things fair

Dealing with taxes

Avoiding family arguments

Giving up control

Not sure where to even begin

Please make a selection.

QUESTION 8 of 21

In your ideal world, what does a successful transition look like?

The farm stays in the family

One child (or non-family successor) continues farming, the other treated fairly

Everyone involved gets a clear role and path

We maximize financial efficiency and minimize tax exposure

I’m not sure yet—I need help figuring that out

Please make a selection.

QUESTION 9 of 21

What’s your estimated net worth?

Less than $1 million

$1M–$5M

$5M–$10M

Over $10M

Please make a selection.

QUESTION 10 of 21

How ready are you to start this process?

Just thinking about it for now

Hoping to start in the next 6–12 months

Already started, but looking for help

Ready to talk to someone now

Please make a selection.

QUESTION 11 of 21

What support are you looking for?

Not sure yet—just exploring

Just want a one-time review or second opinion

Want someone to help us stay on track

Need help pulling in advisors and family

Looking for someone to guide the whole process

Please make a selection.

QUESTION 12 of 21

What state is your farm located in?

Please make a selection.

QUESTION 13 of 21

What option(s) best describe your farm operation?

Cattle

Hogs

Poultry

Small Livestock

Organic Row Crop

Row Crop

Specialty Crop

Other

Please make a selection.

QUESTION 14 of 21

Type of Cattle

Cow-Calf

Dairy

Feedlot

Seedstock

Please make a selection.

QUESTION 15 of 21

Type of Hogs

Hogs Farrow-to-Finish

Hogs Seedstock

Hogs Wean-to-finish

Please make a selection.

QUESTION 18 of 21

Number of Head of Livestock Range

0-100

100-500

500-2,500

2,500-5,000

5,000-10,000

10,000 +

Please make a selection.

QUESTION 19 of 21

Type of Specialty Crop

Row Crop

Fruits

Tree Nuts

Vegetables

Horticulture/Nursery Crops

Herbs/Spices

Please make a selection.

QUESTION 20 of 21

What is the size of your acreage?

Please make a selection.

Generating Your Results...

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