Include the next generation

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The stakes are high when it comes to making generational transfers successful. A Purdue Extension workshop will teach farmers how to more easily include a son, daughter or other business partner in their operations as they prepare to pass their livelihood on to younger generations.

Purdue's agricultural economics department will present the Farming Together Workshop: Developing the Next Generation of Management on Jan. 28-29 in West Lafayette, Ind.

Sessions will cover communication, planning for the future, resource assessment, ways to work successfully with family members, business entity selection and organization and alternative ways to share ownership and management. The workshop will include work sessions and a legal question-and-answer session. Participants also will have the opportunity to hear from members of a farm family who already have successfully completed the planning process.

Upon registration, participants will receive a Meyers-Briggs Type Indicator for use in the communication session and a form for submitting legal questions before attending.

Registration is $120 per farm before Jan. 14 and $150 per farm starting Jan. 15.

More information.

Source: Purdue University

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