We see a number of business problems that young farmers do encounter--not having individual business plans--and on page 8 of our brief we list a number of those. We won't have time to go into them all in detail.
A business plan is important, as is having the flexibility and the foresight to look into that business plan, review it, update it, and change it, if necessary. If something isn't working, there's no point in doing the same thing over and over again. Succession arrangements can be difficult, not only from the financial viewpoint but also with the interpersonal situations that result. I've worked in a number of those myself. It's often the interpersonal relations that need to be mediated. Sometimes they don't work. I just finished working with a situation that wasn't going to work.