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Cultivating Multigenerational Success in the Agricultural Community

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Blog

Rules of Engagement

February 19, 2015

LegacyConnection Kevin Spafford, CFP® “Tell us the rules and we can play any game.” Ed Rust, President State Farm (1958 - 1985), was known to say. For a family business, the rules of engagement come in the form of a family employment policy. The policy should apply to all relatives who may be interested in working in the family organization. As a clear and concise document, the family employment policy should spell out, in specific terms, the conditions in which a membe...

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It Didn't Have to End This Way

November 11, 2014

LegacyConnection Kevin Spafford, CFP® By now, you’ve read that Waggoner Ranch of Vernon Texas, at 510,000 acres, one of the largest in America, is on the auction block. After years of court battles and millions in legal fees, the heirs ran out of chances. Though we may never know what started the fight, we can be assured that a once powerful family in farming is now casting about for remnants of what was, and asking if it could’ve been different. Families are at ...

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