A southern Indiana farm family recently completed a two-year succession planning process.
Brothers Mark and Wayne Seib provide senior leadership to the farm that now includes Wayne’s two sons, Carl and Matthew.
“My nephews were wanting to come back to the farm, but we just didn’t know how quite to make it all work or make sure the legal aspects were met and were satisfactory,” he says. “I had some goals, Wayne had some goals, they had some goals, and we basically hired a gentleman to be a referee.”
Mark tells Brownfield it was a thorough process of going over life insurance, wills, and goals for the operation.
