Farm Succession Workshop to be held in Medina County on January 21 & 28, 2016

Farm transition planning is the process by which the ownership and management of the family business are transferred to the next generation. Transition and estate planning helps farm families analyze the current farm situation, examine the future, and develop a plan of action for transferring assets and managerial control. Each farm is different in regards to the goal of transition, from passing farms onto the next generation or a new owner. There are family dynamics to consider, resources, finances, and managerial styles to consider.

The 2-day workshop will be held on January 21 and 28, 2016 from 9:00 AM to 3:00 PM at A.I.Root Candle Community Room, 623 West Liberty St., Medina, OH 44256. This workshop will help farmers assess the future of the farm business, discuss developing the next generation of managers, communicate about farm succession, review retirement planning and plan for the unexpected, consider long-term healthcare costs, understand legal considerations, and more. Pre-registration is required. Cost is $35.00 per person or $50 for up to 2 members of the same family attending together. Deadline to register is January 14, 2016.

To register, download the registration form at medina.osu.edu under events. For a mailed copy or for more information, contact Ashley Kulhanek, Agriculture and Natural Resource Extension Educator at 330-725-4911 ext.106 or Kulhanek.5@osu.edu.

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