If you haven't considered attending the special Purdue University workshop on farm succession planning, perhaps you should. The workshop in this format is brand new, and it happens next week.
The Center for Commercial Agriculture is offering the two-day workshop, called Farming into the Next Generation. If you're in a family operation where you work with other family members now, or if you intend to bring other family members into the business in the future, this workshop is designed for you, notes Brent Gloy, director of the Center.
He and his wife, Angela, both instruct people about farm succession and planning. Angela is an ag economics Extension specialist, focusing on pre-nuptial agreements and succession planning to move the farm to the next generation.
The conference does come with a price tag, at $1,150, but as you would expect, the instructors are top notch. Workshop leaders include Bernie Erven, professor emeritus of ag economics at Ohio State University and Bob Milligan, senior consultant at Dairy Strategies LLC. He is a professor emeritus from Cornell University.
The workshop will be divided into four sections, Gloy says. One section focuses on the family business itself. The second focuses on relationship challenges that can occur in family businesses, particularly those related to agriculture. The third piece to the puzzle is family farm case studies. This can be instructive, as it illustrates what other people have experienced in the past, and how they met individual challenges. The fourth part of the process will summarize messages from the various presenters at the workshop next week.
You can register online, but since time is short, you may want information on what is included in the registration fee. Contact Aissa Good at 765-494-3884, or email [email protected] with any questions.