Ohio’s agricultural economy is experiencing a number of stresses in 2019: Challenging weather and uncertain market conditions are leaving many farmers across the state under considerable financial stress. The reality is no one is immune to financial stress. Managing the day-to-day challenges of cash flow are tough. Layer in long-term planning, such as a business succession and retirement, and it can often feel overwhelming.  

The Ohio Farm Bureau Financial Essentials program aims to alleviate these concerns through a series of workshops and online resources developed to help answer important financial questions. In collaboration with Nationwide, AgCredit, OSU Extension, Farm Credit Mid-America and Wright & Moore Law Co. LPA, these resources can help guide the path to financial security for a family, farm and business.

The session will include a meal provided by the county Farm Bureaus. The session is free for Farm Bureau members and $10 for nonmembers.

Topic: Essentials in Farm Succession Planning

If you were unable to farm, for any reason, what would happen to your operation? Is each member in your farm family in agreement about how to proceed? Don’t let your worries keep you from making the decisions and having the necessary conversations to ensure your goals for the farm are achieved. This short session is developed for farm families ready to build a seamless transition to the next generation.

In this session:

• Gain the tools necessary to ensure your farm and family are ready for the transfer
• Build confidence to manage the interpersonal, emotional, legal and business aspects effectively
• Learn how to work effectively with advisers, CPAs and legal services
• Gain a framework to achieve your farm and family’s transition goals

This event is being sponsored by Geauga, Lake, Ashtabula and Trumbull County Farm Bureaus.

Breakfast included!

To access resources such as podcasts, videos and worksheets, or to attend a local workshop, visit ofbf.org/financial-essentials.