The $15 Million Lesson Driving Jace Young, His Work, and the Launch of Legacy Farmer

Описание: Farm succession is one of the most emotionally charged and financially complex conversations in agriculture—and yet it’s often the one families avoid the longest.

In this episode of The Impact Farming Show, Tracy sits down with Jace D. Young, founder of Legacy Farmer, to reveal the hard truths about farm succession that most families avoid. Drawing from a pivotal $15 million lesson in his family farm and lessons learned throughout his career, Jace shares his passion for helping farmers succeed and the story behind the launch of Legacy Farmer.

From founder fears and control to the myth of “fair and equal,” and the realities the next generation must face before stepping into the business, this conversation goes far beyond succession planning and dives into leadership, communication, and financial readiness.

If you’re a founder, successor, or part of a multi-generation farm family, this episode will challenge how you think about legacy—and what it really takes to protect it.

Episode Highlights

The $15 million lesson that changed Jace’s family farm and his and life trajectory
How Jace’s banking background exposed the hidden risks in farm lending
What legacy truly means beyond land, assets, and inheritance
Why founders stall succession planning—and the fears driving control and delay
The uncomfortable truth about fair vs. equal in farm families
Hard realities the next generation needs to hear before coming back
Why financial disclosure and written agreements are non-negotiable
How long is too long to wait when succession keeps getting postponed

In this conversation

– Welcome & introduction to Jace Young
– The $15 million lesson that changed everything for Jace
– From banking to launching Legacy Farmer
– What “legacy” really means in farming
– Why founders delay succession planning
– Control, fear, and identity in farm transitions
– The truth about “fair vs. equal”
– Hard truths the next generation must face
– How a 25-year-old should prepare to come back to the farm
– Financial disclosure, written agreements & tough conversations
– How long to wait for clarity before moving on
– Final advice for farm families navigating succession

If this episode resonated with you, share it with your family, business partners, or next-generation leaders who need to hear these truths.

Thanks for tuning in,

Tracy

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Show Resources

Legacy Farmer: Coaching and education to help farmers master their finances and build a lasting legacy 👉 https://www.legacyfarmer.com

Legacy Farmer YouTube & Podcast:

   / @legacy.farmer  
https://podcasts.apple.com/ca/podcast...

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🔎 Related Phrases:

Jace Young, Legacy Farmer, Farm Transition Planning, Farm Succession Planning, Tracy Brunet, Impact Farming Show, Agriculture, Farming, Farmlife, Agribusiness, Farm Business, Farm Finance, Farm Management, Sustainable Farming, Farming Tips, Farm Business Management, Farming Success, Farm Funding Solutions, Agricultural Finance, Farming Innovations, Farm Financial Solutions, Farm Founders, Farm Successors, Agribusiness

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