Warren Buffet looks up to his farmer son.

                                             

Warren Buffett wants his farmer son with no college degree to succeed him... but he'll only do it if he can continue growing corn. Warren Buffett has chosen his eldest son to replace him as non-executive chairman of Berkshire Hathaway after he dies, the multimillionaire stated in an interview with CBS's 60 Minutes.

                              

What may be most surprising by the billionaire investor, however, is that his son, who's without any university degree, is also farmer. 'I was surprised,' Mr Buffett's eldest son, Howard Buffett, 56, told CBS when the position was suggested to him by his father.
Scroll down for a clip of his interview.
 
Replacing: Billionaire Warren Buffett (right) has asked his eldest son (left), a farmer, without any college degree, to replace him at Berkshire Hathaway after he dies.The possible predecessor says he's open to the idea, but just as long as he doesn't have to stop tilling his Nebraska farm for corn and soybeans.

                                        

'Well you worry that somebody will be in charge of Berkshire that, that uses it as their own sandbox in some way that changes the way that decisions are made in reference to the shareholders,' the elder Buffett said.'The odds of that happening are very, very, very, low,' the third wealthiest man and investor in the world according to Forbes states, 'but having Howie there just adds one extra layer of protection.'

The 82-year-old says his suggestion waits at the approval of the company's board.Berkshire Hathaway's stock has remained largely unchanged following Mr Buffett's announcement.
If his son follows his plan, Mr Buffett says his son would be appointed to an unpaid position that serves as solely a 'guardian' of the company's 'values.'

                               
In his son's business background, he was appointed director of Berkshire Hathaway, Inc. in 1993 and served as President of Buffett Farms from 1995 to 2001.Through his vast philanthropy work he was presented with Mexico's highest possible honor to a foreign citizen in 2000 with their Aztec Eagle Award.He is also president of the Howard G. Buffett foundation which focuses on international agricultural development. The 56-year-old farmer and possible Berkshire Hathaway chairman reminds about the possible passing of his father's torch, however: 'He won't leave until he's buried in the ground.'

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