Farm families can learn about succession planning for the future of their business operations by attending the "Business Structure, Taxes and Valuation" workshop of Purdue Extension's Farming Together series.
The workshop, to be held at four locations across the state, will focus on legal and tax issues with farm transfer, long-range business planning, operating and buy-sell agreements, and business valuation.
Each workshop will feature a local attorney and accountant as well as presentations from members of the Purdue Succession Planning Team. A panel of family farmers will share their experiences from the succession planning process.
"Families participating in the program will also have the opportunity to meet with members from the Succession Planning Team to discuss and ask questions specific to their operation," said Tamara Ogle, Cass County Extension educator and event coordinator.
The two-day workshop will take place at these locations:
- Vincennes: Southwest Purdue Agricultural Center, Jan. 16-17.
- West Lafayette: Beck Center, Jan. 23-24.
- Huntington: Huntington University, Feb. 4-5.
- Jeffersonville: Women in Agriculture Pre-Conference, Feb. 18-19.
Day 1 programming begins at 9 a.m. and will end at 4 p.m. Lunch is included. Day 2 is a complimentary one-hour farm family meeting with the Farm Succession Planning Team.
Registration is due two weeks before the program. A program packet will be mailed to each family participating. Cost is $150 for the first four family members; each additional member costs $15. To register, download the registration form from the Purdue Center for Commercial Agriculture website. For more information, contact Ogle at 574-753-7750.
Program partners include the Purdue Women in Agriculture team and the Purdue Farm Succession Planning Team.