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Serving: WI

Returning to the Farm Workshop Helps Families Plan for Farm Succession

Workshop in January and February helps plan farm's future.

University of-University of Wisconsin-Extension and UW Center for Dairy Profitability will host a workshop to help farm families plan for a son, daughter or partner to return to the farm and eventually take over the farm business. The four-day workshop will be Jan. 30-31 and Feb. 20-21 at the Byron Center in Brownsville.

Families looking toward the future of their farming operations have many issues to consider. Two issues of extreme importance to the future life of the business are the development of a son, daughter, or partner to be the future manager of the business and the creation of a management succession plan. The Returning to the Farm workshop helps families make these plans.

Returning to the Farm is open to all farm families who want to learn more about planning for farm succession. Families are expected to participate in both sessions. At the end of the February session, families will have completed the framework of a working succession plan.

Through this program, students and their families will:

* Determine if an existing operation is large enough to support an additional partner.
* Uncover alternatives for the transfer of farm assets.
* Recognize personalities and learn to work with each individual's strengths.
* Write long- and short-term business and family goals.
* Learn how to address major issues that can lead to failure in a multiple generation farm business.
* Hear the current issues and information on the tax implications of farm transfer.
* Understand the tools of estate planning and business succession planning.
* Receive business succession and estate planning resources.

The early bird registration fee for this four-day program is $250 per farming unit (up to four people per farm). This includes materials, meeting room costs, refreshment breaks and lunches. The early bird registration deadline is Jan. 12. The price of the four-day program after Jan. 12 is $300 per farming unit. If you have more than four people in your farming unit attending the workshop, $75 will be charged for each additional participant.

Overnight accommodations for the Friday evenings of each weekend are available at the Byron Center. For more information about the program, registration or overnight accommodations contact Joy Kirkpatrick, UW Center for Dairy Profitability Outreach Specialist at 608-263-3485 or by email [email protected].  

Returning to the Farm is partially funded by a Dairy Industry Revitalization grant, UW-Extension and UW-Center for Dairy Profitability.

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