KLA members looking to build a succession plan for their operation still have an opportunity to sign up for the KLA Member Succession Program, which is expected to begin in mid-January 2025. The program is designed to use video-conferencing technology to bring peer groups of members together to learn how others are approaching succession planning for their family operations. Participants will interact during six 90-minute conversations, which equates to roughly one meeting every other month for a year.
The program will be facilitated by Lance Woodbury, a principal with Pinion—formerly KCoe Isom/Kennedy and Coe LLC. Woodbury, who grew up on his family’s farm and ranch in Wichita County, specializes in coaching family businesses as they work through the estate and succession planning process to pass on their legacies. Additionally, he facilitates several peer groups of agricultural business owners across the U.S. and teaches family business management at Texas A&M University.
Participants will sign “confidentiality commitments” to ensure any information shared is kept private among the group. There is a fee of $1,495 per operation associated with the program. Part of this fee will be covered for each participating operation, thanks to the generous support of Equity Bank, which is sponsoring the program.
Members interested in joining the program should contact Taylor Nikkel at [email protected] by December 31.