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Articles Tagged with ''succession''

Clint Schnoor

[Webinar] Is an ESOP Right for Your Dealership?

July 16, 2014 | Posted in Dealer Succession
Clint Schnoor is the president of Agri-Service, a 10-store AGCO dealership based in Idaho. In this webinar, Schnoor explains the pros and cons of employee ownership, the cultural and operational changes involved and share solid advice based on his experience going through the change in ownership structure. [To view any of our webinar replays, you must be logged in with a free user account.]
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Special Report: Transitioning to the Next Generation of Dealers

Overcoming Skepticism

By Farm Equipment Staff and Clint Schnoor posted on June 1, 2014 | Posted in Dealer Succession
Prior to coming to Agri-Service, I worked in operations for a very large mortgage banking and real estate company for several years. The founder of Agri-Service, Cleve Buttars, is my father-in-law and we compared notes regularly as his company grew and the company I worked for also grew considerably. We always talked about the opportunity for me to come and work for him. In fact, he recruited me on several occasions and I told him no quite a few times because I was happy with what I was doing.
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Special Report: Transitioning to the Next Generation of Dealers

Re-Enlisting Now to Support the Pending Generational Turns

By Mike Lessiter and Brant Bingham posted on June 1, 2014 | Posted in Dealer Succession
I’ve always wanted to be prepared enough to work for the company, but I wasn’t always sure if my interests would bring me here. I did know that if I decided to go to work here, it needed to the last career decision I made. People deserved that type of commitment. The rule is that, as family members, we don’t have the blessing to join the business until we’re ready and have the capacity to give 100%.
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Special Report: Transitioning to the Next Generation of Dealers

Succession Without Ownership

By Kim Schmidt and Eric Reuterskiold posted on June 1, 2014 | Posted in Dealer Succession
I grew up working on a farm and decided I wanted to do something in that field. I went to Blackhawk Technical College, a local college that had an agribusiness program, but I still didn't really know what I wanted to do after graduation.
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To the Point: What Signs Do You Look For?

By Dave Kanicki posted on April 8, 2013 | Posted in Dealer Succession
Source: dkanicki@lesspub.com
In the last few issues of Farm Equipment, including this one, we've covered dealer succession planning in some depth. One of the concerns expressed by many of those getting ready to step aside is that the new generation that's stepping up into positions of ownership have never been through the really tough times. If you think about it, no one under 46 years old was a working professional during Ag's Great Depression of the 1980s when most dealers couldn't sell their souls to the devil, let alone a tractor to a farmer.
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Wickham-Tractor
Dealer Profile: Wickham Tractor

Staying 'Relevant' as the Industry Changes

Wickham Tractor initiated its succession plan earlier than intended to ensure the dealership remains sustainable well into the future.
By Dave Kanicki posted on April 8, 2013 | Posted in Dealer Succession
It would be difficult to find a farm equipment dealer in North America who hasn't in some way been affected by the consolidation of the retail side of the business in the last decade. Whether or not they've yet been told directly - or not so directly - that they must make the decision to be either a buyer or seller, to expand or exit the business, it's on their mind. As the days pass, it's becoming a front of mind issue. Dealers know it's something they need to come to grips with. Either take control of it and set a course, or have circumstances or someone else dictate the future.
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Family Affair: Passing it to the Next Generation

Tim Young, General Manager, Young's Equipment
March 13, 2013 | Posted in Dealer Succession
The main objective of succession planning is to pass on control of an enterprise in a way that ensures effective business leadership and ongoing success. But when you bring the emotions of family held business into the equation, dealer-principals often find it difficult to remain objective.
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