Howard Buffett, a farmer with no college degree, would be a good successor, the elder Buffett said, because he understands the values of the company.

I’m not usually about hereditary succession, but this is an exception I could get behind.

Describing him just as a "a farmer" seems kind of ridiculous. Here has extensive business experience unrelated to his farm. From the Wikipedia page on him [1]:

> Buffett was Corporate Vice President and Assistant to the Chairman of Archer Daniels Midland Company from 1992 to 1995, Director of Archer Daniels Midland Company from 1991 to 1995, Director of the Board of Directors of The GSI Group from 1995 to 2001, director of ConAgra Foods from 2002 to 2006, director of Agro Tech Foods Ltd. until October 26, 2006, and director at Sloan Implement. He became a Lindsay Corporation director in 1995, and served as chairman from 2002 to 2003. and in 2008, announced he would let his term as a director expire in January 2010.

> He is, as of 1992, a director of Berkshire Hathaway, Inc., and President of Buffett Farms.

> Howard G. Buffett has been a Director of The Coca-Cola Company since December 9, 2010. From 1993 to 2004 he was a director of Coca-Cola Enterprises, the world's largest Coca-Cola bottler.

[1] https://en.wikipedia.org/wiki/Howard_Graham_Buffett

He must actually like farming because he didn't have to become a farmer. Of course, knowing that the family fortune has your back even if the farm doesn't work out probably helps.

> Howard Buffett, a farmer with no college degree

What absolute humble beginnings ;-)