When it comes to farm succession, it’s important to have a good team in place to help you through the process.

That team should include a financial planner, an accountant and a lawyer.

Jolene Brown is a family business consultant, professional speaker and author.

She says asset holders need to focus on what needs to be done and have clear communication with everyone involved so they know what to expect.

"If it's not in writing, it does not exist," explained Brown. "A conversation is not a contract."

She notes it’s important to have a team in place that can help you look at all the options that are available to help you in transitioning the family farm to the next generation and how non-farming children fit into the picture.