Home Indiana Agriculture News Purdue Extension Offers Virtual Workshop Series to Assist Families With Farm Succession

Purdue Extension Offers Virtual Workshop Series to Assist Families With Farm Succession

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The Purdue Extension Succession Planning Team is hosting the virtual workshop “Farm and Family Business Succession:  Strategies to Stay on Track” this winter for farm operators wanting to move forward with succession planning.

“Many families strive to have a good succession process in place.  However, it is often necessary to evaluate goals and make adjustments based on economic outlook and other family dynamics,” said Ed Farris, Purdue Extension Educator in Huntington Co., who is a member of the Purdue Extension Succession Planning Team. “This program is designed to help families stay focused in their planning decisions.”

The three-night virtual workshop will be Tuesdays from 12:00 p.m. to 1:30 p.m. (ET) February 15, February 22 and March 1.

The program will feature Purdue Extension educators and professionals, who work with agricultural operations. Ken Roney, JD, CPA, and CLU with Indiana Farm Bureau Insurance, will present on Feb. 22. Dan Siewers, attorney with Hart Bell, LLC will present on March 1.

The series will offer the following presentations:

  • February 15 – Barriers to Succession Planning, Building Your Advisory Team, and First Steps in Succession Planning
  • February 22 – Insurance for the Successor and Retirement Planning for Families
  • March 1 –  Operating and Buy-Sell Agreements and Structuring Your Farm Succession Plan:  Will Inheritance Taxes be an Issue?

The registration fee is $30 per person/household/farm. Register by February 9 at:  https://cvent.me/xwg8qr

For more information or accommodation, please email Krista Pullen – kristapullen@purdue.edu  Registration questions can be directed to the Purdue Education Store at edustore@purdue.edu.

Source: Purdue Extension