Transferring Your Farm Business to the Next Generation

February 1, 2010 at 12:29 pm

This two day workshop has been designed to help families plan for the transfer of their family business to the next generation. This workshop will challenge you to actively plan for the future. These sessions will help answer the questions that often arise when planning for the future: Who will manage the business in the future? How much money will I need to make it through retirement? How do I treat each offspring fairly when it comes to dividing up our farm? How will I know if my kids are ready to take over the farm? What are the legal hoops that need to be jumped through to pass the farm on without hurting the financial standing of the farm? How can we plan so the farm will be profitable for multiple generations? Is there enough equity in the farm that I can retire without selling out? This workshop will help you develop a plan for the future, discover ways to increase family communication, make plans for retirement, and learn strategies for transferring management skills and the farm’s assets from one generation to the next.

The workshop teaching team will include: Dr. Bernie Erven, Professor Emeritus of Agricultural Economics at The Ohio State University, Peggy Kirk Hall, Attorney and Director of the OSU Agricultural & Resource Law Program, Paul Wright & Robert Moore, Attorneys at Law and former OSU Extension Specialists, and Chris Bruynis, Greg LaBarge and Bruce Clevenger, OSU Extension Educators.

March 15 & March 18, 2010

9:00 a.m. to 4:00 p.m.

at OSU Extension Defiance County Office

Registration fee is $85/per family (for two attendees).Additional family members can attend for $30 per person. Registration includes morning refreshments, lunch, one family resource notebook, and program handouts. Pre-registration is required by March 12 and registrations are limited to the first 45 attendees. Make checks payable to OSU Extension, Defiance County and mail to 06879 Evansport Road, Defiance, OH 43512. If you have any questions please call 419-782-4771 or email Bruce Clevenger at clevenger.10 This workshop is being sponsored by the OSU Maumee Valley EERA Extension offices in Allen, Defiance Fulton, Henry, Hancock Lucas, Paulding, Putnam, Van Wert and Williams Counties. Registration begins at 8:45 a.m.

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