Family Forest Business Transition Seminar | 2024 Conference
Join Forest Resource Consultants, Inc. on Tuesday, June 24th from 1:00 p.m. to 4:30 p.m. for the Family Forest Business Transition Seminar.
Every family forest owner faces the challenge of managing a family forest business through the next generational transition. The question is how that will happen…Will you do it proactively or reactively? Join FRC’s “Family Forest Business Transition Seminar” to begin the conversation for your family at the 2024 National Conference of Private Forest Landowners in Denver, CO.
Recent studies show that family businesses in transition have a 30% probability of successful transfer to the 2nd generation, a 10 to 15% probability of successful transfer to the 3rd generation, and less than a 5% probability of successful transfer to the 4th generation. While the transfer of the forestland asset is relatively simple; issues begin to arise, and transitions fail, when there are people involved. Generational transfer of the ethic, the legacy, and other values is much more difficult. In this session, we will introduce the main issues and questions to consider – and share some illustrative examples and pitfalls to avoid.
Who: David Foil and Andy Stone
When: June 24, 2024, 1:00 p.m. to 4:30 p.m.
Where: Omni Interlocken – Denver, CO as part of the National Conference of Private Forest Landowners
Cost: $200/registrant, spots are limited to 25 participants.
How: Register online as part of your conference registration.
About the speakers
David Foil
David Foil recently stepped away from his role as company President and Board Chairman of Forest Resource Consultants after serving in the position for twenty years. He continues to serve as the company’s Managing Broker while also supporting the Family Business Planning Services team and assisting with business development efforts. David draws on his decades of experience working with private landowners and his organizational and administrative management skillset to provide invaluable advice to clients.
Prior to joining FRC in 1988, David worked with St. Regis Paper Company and J.T. Strahan Timber Corporation. He is a member of the Association of Consulting Foresters and is a licensed Forester and Real Estate Broker in multiple southern states. David is a member of the Board of Directors for the Georgia Forestry Association and the Forest Landowner’s Association. He previously served as President of the Georgia Forestry Association, the Georgia Chapter of the Association of Consulting Foresters, and is a former Trustee with the Georgia Forestry Foundation. Prior to beginning his professional career, David obtained a Bachelor of Science in Forest Management from Clemson University.
Andy Stone
Andy provides Family Business Planning Services for Forest Resource Consultant’s clients with coaching and decision-making support that helps ensure the family’s legacy will remain strong through generational changes. In this role, he draws on his 35 years of experience serving as an executive with two multi-generational family-owned businesses that held a diverse portfolio of assets.
Prior to joining FRC in 2019, his career included serving as President and Chief Executive Officer at Stuckey Timberland, Inc., and Superior Pine Products Company. Prior to these roles, he worked many years as a company forester and consulting forester in Georgia and Mississippi.
A 2012 inductee of the Georgia Forester’s Hall of Fame, Andy is a past member of the Board of Directors of the Georgia Forestry Association where he served as President in 2003. He also served on the Board of Advisors for the University of Georgia’s Warnell School of Forestry and Natural Resources, College of Agriculture and Environmental Sciences, and the Langdale Center for Forest Business. Andy is also a past member of the Governor’s Agriculture Advisory Commission as well as the Board of Directors for the Heart of Georgia Technical College Foundation and Okefenokee Technical College Foundation. He is a licensed Forester in Georgia and South Carolina as well as a Real Estate Salesperson in Georgia.