February 01, 2023

Succession planning workshops at 10 Indiana locations

WEST LAFAYETTE, Ind. — To successfully guide a farm operation from generation to generation, farm owners and families need to have a plan for where they are going and knowledge of how they will fund that transition.

The Purdue Extension Succession Planning Team is hosting workshops along with individualized sessions to help farms strategically structure a farm succession plan.

The “Farming Together: Cultivating Relationships and Having the Cash to Bring in the Next Generation” workshop will be a day-long event hosted at 10 Indiana locations.

Workshops will be held at various locations beginning Jan. 12 through Feb. 2, from 10 a.m. to 3 p.m.

“Farm owners often want to start with legal matters associated with transition planning. However, farm families need to find consensus on their goals and where they envision the operation moving in the future first,” said Renee Wiatt, Purdue University family business management specialist.

“A large part of agreeing on goals and future vision for the farm can be achieved through proper relationships and communication, as well as knowing where to start.”

A local attorney will be available at each of the regional meetings. After the workshop, families can schedule virtual guidance sessions for individualized discussions with the Purdue team and collaborators to discuss topics of their choice.

The cost for the workshop is $30 per person with lunch included. Register at https://tinyurl.com/mpf55d46.

Workshop dates and locations:

• Jan. 12 — Mooresville Public Library Community Room, 220 W. Harrison St., Mooresville.

• Jan. 17 — Clay County Fairgrounds, 6656 N. State Road 59, Brazil.

• Jan. 19 — Purdue Extension Bartholomew County office, 783 S. Marr Road, Columbus.

• Jan. 19 (Central time) — Hopewell Mennonite Church, 805 N. Main St., Kouts.

• Jan. 25 — Kokomo Public Library, 120 E. Mulberry St., Room 100, Kokomo.

• Jan. 26 — Purdue Extension Wayne County office, 861 Salisbury Road, Richmond.

• Jan. 26 — White County Fairgrounds, 12 N. 25 E. Reynolds.

• Jan. 26 — Purdue Extension Harrison County office, 247 Atwood St., Corydon.

• Feb. 1 — Spencer County Youth and Community Center, 1101 E. County Rd. 800 N., Chrisney.

• Feb. 2 — Huntington University, Habecker Dining Commons, 502 Lake St., Huntington.

The Purdue Succession Planning Team is comprised of Purdue Extension educators and specialists who seek to address the needs of families planning the continuation of farm businesses.

The team currently offers programming through regional workshops, succession planning presentations and farm family consultations.

The workshops are made possible through grant funding from North Central Extension Risk Management Education.