Family Agricultural Enterprise Succession: A Management Transition Seminar

Project Background
About the Team

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Workshop Materials

Targeted Education

This workshop series will jump start the transfer of your farm management to the next generation or other successor. Transferring management is the first step toward retirement for the current farm owners. it is also the first step toward transitioning ownership of the farm to the next generation. At least one person from the current (owning) generation and one person from the next generation must attend both workshops.

Our curriculum will help you:

» Focus on the future of your farm
» Structure dialogue between generations
» Recognize potential challenges in transferring the farm management
» Determine a realistic timeline for farm transfer
» Identify skills and experience needed for development in next generation leaders
» Improve family confidence in making changes
» Understand income needs and potential sources for owner retirement
» Understand business structures that support gifting and farm purchase for the next generation
» Determine a realistic timeline for farm transfer
» Prepare for professional advisor meetings

Who Should Attend?

- Families who love their farm!
- Families interested in maintaining the financial health of their farm business
- Families that have identified or are working to identify a successor - both generations must attend the seminar
- Families that desire to make progress in estate and succession planning for the business

Dates & Locations

There are currently no seminars scheduled at this time.

Download the pre-workshop questionnaire.

Session 1.  9:30 am-3:30 pm
Family business systems
Building unity in the family
Family meeting basics
Risks of delaying owner retirement
Identification of farm management functions
Panel of family farm owners and successors

Between Sessions:  Participants hold their family meeting, complete "homework" to assess retirement income needs, etc.

Session 2.  9:30 am-3:30 pm
Retirement income/expenses
Future farm income/Expenses
Retirement advisor perspectives
Business structures to support retirement
Developing family transfer plan
Follow up resources to meet family transfer needs

If you have any questions, please call us at 800-859-7609

·         Families that have identified or are working to identify a successor—both generations must attend the seminar