February 5, 9:30am–4pmWhere
OSU Extension Williams County 1425 E. High St., Bryan, OH 43506
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. Registration deadline is Jan. 26. Cost is $10 per person.
Featured speakers are Robert Moore, attorney at law, Wright & Moore Law Company; Peggy Hall, OSU assistant professor & field specialist, agricultural & resource law, David Marrison, OSU associate professor & Extension educator, Ashtabula County.
— Family communication in the farm transition process
— Strategies to get my farm and family affairs in order
— Analyzing risk in today’s world and keeping the farm competitive in 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
— Strategies for when there are no heirs
— Farm business structures and their role in estate and transition planning
— Retirement strategies
— Estate and transfer strategies
— Buy/sell agreements, trusts and life insurance
— Tax implications of estate and transition planning
— Long term health care issues and costs
— What will my lawyer need from me?
— Q&A with the experts