Young Farmers: Are You Making These 5 Dangerous Farm Succession Planning Assumptions?

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Young Farmers: Are You Making These 5 Dangerous Farm Succession Planning Assumptions?


When it comes to family business succession, it’s often not what we don’t know that gets us into trouble—it’s what we assume we know.

In this episode, Patti Durand joins Tracy to unpack five common (but misleading) assumptions about family business transitions—handpicked by Tracy from Chapter 3 of Patti’s book, The Future Leader: The Successor’s Guide to Family Business Leadership.

These assumptions may sound familiar… even logical. But left unchallenged, they can quietly undermine the very foundation of a successful transition.

What You’ll Hear About:

• Five popular succession assumptions—straight from Patti’s book

• How unspoken assumptions can derail even the best-laid plans

• The potential limitations of even your most trusted advisors

• What happens when you assume a plan exists… but haven’t seen it

• How lifelong familiarity can blind us to what’s really being said—or left unsaid

• The hidden strength in saying, “I don’t know”

• What future leaders and founders both need to start doing now

From unspoken expectations to misplaced confidence in familiar advisors, Patti walks us through the blind spots that can quietly derail succession plans. But don’t worry—we’re not giving it all away in the show notes. 



You’ll have to listen to find out what assumptions could be quietly holding your family business back.

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🔗 Resources & Links:



The Future Leader: The Successor's Guide to Family Business Leadership
https://www.thefutureleader.ca


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Show Guest:

Patti Durand
Strategic Action Planner, Author, Speaker, and Founder of Bright Track Consulting

With experience in guiding hundreds of farm families through succession planning, Patti blends strategic thinking with human-centered insight to help leaders navigate complex transitions with clarity and confidence.

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⚠️ Disclaimer - As always, this information is not intended to provide business or medical advice. To ensure that your own circumstances have been properly considered and that action is taken based on the latest information available, you should obtain professional advice from qualified business or medical professionals before acting on any of the information in this post.
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The Impact Farming Show

Welcome to Impact Farming, Farm Marketer's video and audio show dedicated to helping Canadian farmers excel in the business of farming. Our goal with this show is to introduce our audience to the people and ideas that are going to make an IMPACT on their farming operation. 

Show Host - Tracy Brunet
CEO of Farm Marketer 

Tracy and her husband are cattle ranchers in South East, Manitoba. As host of the show, primary producer and agvocate, Tracy is passionate about helping farmers succeed in the business of farming. 

In each episode, Tracy chats with today's most successful farm advisors and industry leaders to bring our audience the best and most important ideas. 

Connect with Tracy Brunet - Twitter / Facebook / Instagram / Linked in

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