In this episode, my guest is Ben Law, former financial advisor turned podcaster and strategic coach for agribusinesses and the rural community - helping them grow, protect, and transition family wealth by addressing the problems and pitfalls of succession.

We discuss the importance of preparing the next generation to be good custodians of wealth by cultivating early succession planning. We also explore how fear, language, and financial transparency all play a role in whether or not a farm family thrives. By the end of the episode, you’ll understand how the combination of wealth, wisdom, and wellness are key factors in the overall success of high-performance farm families.

Access the full show notes for this episode at elainefroese.com.

Discover more about our guest: Ben Law

Elaine Froese Resources:

• Watch this episode on YouTube.
• SPEAKING - book Elaine for your next event
• COACHING - find your Farm Transition Coach
• MEMBERSHIP - join the waitlist for the Farm Family Harmony Membership
• RESOURCES - download for FREE
• CONTACT - take the next steps in your transition 
• BURNING QUESTION? Submit it here for Elaine or her coaches

Timestamps

0:00:30 Introduction to Ben Law

0:05:58 Why some farm families thrive and others don’t

0:08:03 The 3 factors of wealth, wisdom, and wellness

0:01 0:06 Being proactive vs reactive

0:12:41 High-performing families are built, not born

0:15:37 How Ben got clarity on his new identity

0:18:00 Using language to understand what someone truly wants

0:23:30 How to address to fear of failure

0:27:30 The telltale signs that a succession either will or won’t be successful

0:30:43 Why all generations need to be at the table (including both on and off-farm siblings)

0:35:20 It’s the unsaid things that are the problem

0:36:39 How can you add value to the farm as an off-farm family member?

0:41:09 A hopeful message to any despondent mom’s