Nov 22, 2019, 9:00am - 4:00pm
Link:
Cost:
$25, inc ludes lunch and materials
Location:
Mahoning County Extension Office, Canfield, OH
Farm Transition Workshop
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This workshop is structured to help farm families develop a transition plan for the future, discover ways to increase family communication, and learn necessary strategies to successfully transfer management skills and the farm’s business assets from one generation to the next. The workshop will challenge farm families to actively plan for the future of the farm business. Farm families are encouraged to bring members from each generation to the workshop.
Speakers for this program will be:
- David Marrison, OSU Extension Educator Coshocton County
- Peggy Kirk Hall, Associate Professor, OSU Agricultural & Resource Law Program
- Robert Moore, Attorney at law, Wright & Moore Law Co.
Topic include:
- Key questions to answer when planning for the future of the family farm business
- Family communication in the farm transition process
- Analyzing the family farm business/keeping the business competitive into the future
- Providing income for multiple generations
- Developing the next generation of farm managers
- Farm succession with multiple offspring and family members: Fair vs. Equal
- Retirement strategies
- Preparing for the unexpected
- Strategies to get my farm and family affairs in order
- How trusts and wills function
- Farm business structures and their role in estate and transition planning
- Strategies for meeting special family needs
- Dealing with on farm and off farm heirs
- Strategies for transferring machinery and livestock
- Addressing long-term health care needs