Succession Planning Class For Farm Families

By: Tricia Herr

The Purdue Extension Farm Succession Team is hosting Online Succession Planning Class, Cultivating Relationships and Having the Cash to Bring in the Next Generation. The class will be held August 15, 16 and 17 from 11:30am-1:00pm ET on Zoom. It is an online class, we encourage families to register once and participate together. Cost is $40 per registration.

The class will cover the basics of succession planning, including:

• Crucial Conversations and When to Have Them
• Legal Aspects of Farm Transfers
• How to Fund Transitions
• Creating a Succession Plan
• Resources for Farm Families

These classes will be hosted by Purdue Extension Educators and Extension Farm Management Specialists. Participants will also get to hear from an attorney who will help answer legal questions and go over how to structure a succession plan.

“Succession planning is an important part of ensuring the long-term success of a farm operation,” said Jenna Nees, Putnam County Ag and Natural Resources Educator. “This class will provide farm families with the resources they need to create a financial and legal plan that meets their specific needs.”

The class is $40 to attend and open to all farm families. To learn more and register, visit: https://cvent.me/r9yl02

Please register by August 13.

This Farm Succession Class Series is made possible through grant funding from North Central Extension Risk Management Education.

– Tricia Herr is the Agriculture and Natural Resources Educator for the Montgomery County Purdue Extension Office. She can be reached at [email protected] .