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This workshop is designed to help farm families develop a succession plan for their farm business. Attend and learn ways to successfully transfer management skills and the farm’s business assets from one generation to the next. Learn how to have the crucial conversations about the future of your farm. This 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. Plan today for the future success of your family business!
Featured Speakers Include:
Chris Bruynis, OSU Associate Professor and Extension Educator for Ross County
Peggy Hall, OSU Asst. Professor and Field Specialist, Agricultural & Resource Law
Jan. 19, 2018
9 a.m. to 3:30 p.m.
8:30 a.m. Refreshments and Registration
Clinton County Extension Community Room
S. Nelson Avenue Wilmington, Ohio 45177
Planning for the Future of Your Farm Topics
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 un-expected
Strategies to get my farm and family affairs in order
Analyzing risk in today’s world
Long term health care issues and costs
Farm business structures and their role in estate and transition planning
Estate and transfer strategies
Buy/sell agreements
Trusts and life insurance
Tax implications of estate and transition planning
What will my lawyer need from me?
For more information, call 937-382-0901. Pre-registration is required by calling the Extension office.
The cost is $20 per person or $45 for family. Registration Includes lunch and one set of program materials per family.
Registration deadline is Jan. 12. Registration limited to first 40 persons.
The plan we are on is great. It’s comparable to my previous job's plan, and we are a sole proprietor.
To grow a network and gain perspective and knowledge in the industry through personal and professional development has been invaluable. Every day I learn and grow.
The issue of property taxation remains as one of the biggest challenges our members face today. Ensuring agricultural property is valued for its agricultural potential and not development is critical to the continued success of Ohio agriculture.
Farm Bureau is what really got the word out. It’s been one of their goals to get this done.
I could not have done it without the resources I have found through Farm Bureau.
Because we are younger farmers just starting out, Farm Bureau has a lot of good opportunities and resources to help us grow in the future.
Through the Select Partner program, we became educated in farm insurance and weren't just selling policies. It became more and more clear why farmers need an advocate like Ohio Farm Bureau.
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