Extension offering workshop on farm succession planning

The Purdue Extension Succession Planning Team is hosting a workshop this winter for family farm operators interested in learning more about succession planning.

The three-night virtual workshop will be offered on Monday, Feb. 8, 15 and 22 from 6:30 to 8:30 p.m.

The program will guide family farm operators on planning the transition of their business to the next generation. Participants will learn about adapting and planning during uncertain times, determining if adding or changing operators is financially feasible, selecting the right business structure to transfer ownership and protect assets and communicating effectively for conflict management.

Purdue Extension educators and specialists will present during this workshop series. The second night will feature attorney Tom Appel, who will discuss options to assist in transferring ownership and protecting assets.

The workshop will offer the following presentations:

• Feb. 8 - Adapting and Planning in Uncertain Times and Financial Feasibility: Is Your Operation Ready for Succession?

• Feb. 15 - Selecting the Right Business Structure to Hold, Protect and Transfer Assets

• Feb. 22 - Conflict Management: Effective Communication Strategies

The registration fee is $30 per person/household/farm. Register by Feb. 3 at https://tinyurl.com/PU-SP2021.

For more information or accommodation, contact Kelly Heckaman at 574-372-2340 or kheckaman@purdue.edu.