#692 - FRIDAY REWIND: 2020 MUST LISTEN- Strategic Resource Teams for Your Farm

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Who is on your "team"? This is the question Chris Barron and Shay Foulk ask today as they talk through Chris' list of 10 people or groups to consider as part of your team. Putting the right people in the right roles is crucial to a successful operation. As the coach of your team, it is your job to identify, recruit, and coach the people on your team for everyone's success. Grab a pen and paper, right this list down, and be thinking through your team and where your improvements lie for 2020.

We know many people that are phenomenal in the industry for these roles, and if you need further help on building your team and have questions, please reach out to us! [email protected], or call Chris at (319)533-5703.

CANDIDATES FOR YOUR STRATEGIC RESOURCE TEAM

1. Family:actively engaged, owners, eventual owners, spouses.

2. Advisory Board: family, key employees, trusted mentors.

3. Financial/Production Consultants: strategic planning, coaching, education.

4. Lender:access to capital, interest rates, education.

5. CPA:should understand your market value position.

6. Attorney: business structure, succession/transition planning.

7. Investment Partners: landowners, peers, family, others.

8. Insurance Agents: risk management, production, property, liability.

9. Marketing Advisers: brokers, end-users, market analyst, education.

10. Peer Advisory Board: similar farmers not in direct competition.

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