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Articles Tagged with ''succession planning''

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7 Considerations for Succession Planning for a Precision Farming Business

2017 Precision Farming Dealer Summit — Roundtable #12
March 11, 2017 | Posted in Best Practices, Dealer Succession
The 2017 Precision Farming Dealer Summit succession planning roundtable in St. Louis “played” to a packed room. Moderated by Tim Norris, CEO, Ag Info Tech (2016 Most Valuable Dealership), Mount Vernon, Ohio, the participants included family-owned precision dealerships with a handful to employees all the way to businesses with hundreds of employees.
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Precision Farming Dealer Summit

Leveraging the Power of People & Planning to Grow Your Business

Leadership, communication and accountability are pillars of establishing a sustainable, valuable precision farming company.
By Jack Zemlicka posted on March 11, 2017 | Posted in Best Practices, Precision Ag Sales & Service
U.S. General George Patton’s famous quote, “A good plan implemented today is better than a perfect plan implemented tomorrow,” is sound advice for any farm equipment dealer.
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K•Coe Isom

Making your Buy-Sell Agreement Relevant in Today’s Dealership Economy [Webinar]

By Kim Schmidt posted on October 26, 2016 | Posted in Dealer Succession
If you are in business as a dealership, it should be a safe assumption that you have a Buy-Sell Agreement. But, has your Buy-Sell Agreement been stress-tested as much as your dealership has in the last few years? In this webinar, expert consultants in the farm equipment dealership industry, Cole Baker and Marc Johnson, shared their insights in assisting dealerships to update their agreements. This FREE webinar was brought to you by K•Coe Isom. [To view any of our webinar replays, you must be logged in with a free user account.]
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Clay Camp
Dealership Minds

Coming Back to the Dealership

By Jaime Elftman posted on February 13, 2016 | Posted in Dealer Succession
For Clay Camp, son of Clayton Camp, president and co-owner of Kern Machinery, working in the family business at the farm equipment dealership was always the goal. After numerous summers spent helping out at the dealership while in high school, Clay knew he liked the atmosphere and always pictured himself returning to the dealership.
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How Well Do You Understand Your Customers’ Challenges?

3 Homework Questions: Case Study 4

September 4, 2015 | Posted in Best Practices, Operations & Finance

We often encourage family business members to identify their “guiding principles” — the key elements of their philosophy and business strategy that create the culture of the organization. A few to consider are below, and I've offered an alternative perspective for each one to help push your thinking.


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2015 Dealership of the Year Video Series: Salem Farm Supply

Developing a Manufacturer-Approved Succession Plan

July 16, 2015 | Posted in Dealer Succession
Bill Martel, general manager of Salem Farm Supply (Salem, N.Y.), and Carole Lewis, president of Salem Farm Supply, talk about the importance of communicating with your manufacturer and getting approval on your succession plan.
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A&I Products

Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.

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Yetter Farm Equipment

Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Machinery Scope

Machinery Scope

At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
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