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A Comprehensive Approach to Farm Business Succession Planning
Farm Business Management Update, October - November 2007
By Eric Eberly, Central District Farm Business Agent eeberly@vt.edu
This workshop is sponsored by Virginia Cooperative Extension, in cooperation with Virginia Tech and the NC Farm Transition Network, Inc. Topics discussed will provide an overview of the farm transition process for farm family members interested in learning more about the efficient transfer of farm operations between generations. It will also help aspiring and beginning farmers interested in understanding the issues surrounding their partnering with an established operator. Professionals who assist others with their estate and financial planning are encouraged to register to learn more about issues affecting their clients.
The speakers from Virginia Tech are Dr. L. Leon Geyer, Attorney and Professor, Agricultural and Applied Economics; Dr. Jesse Richardson, Attorney, Program Chair and Assistant Professor, Urban Affairs & Planning Coordinator; and Dr. Alex White, Instructor and Extension Specialist, Agricultural and Applied Economics. Each speaker draws on his experience to stress the importance of developing a farm business succession plan.
Date: Friday, November 16, 2007
Location: Southern Piedmont AREC, Blackstone, Virginia
9:00 Check-in – Coffee & Continental Breakfast
9:30 Welcome and Introduction to Farm Succession Planning and Risk Management
Basic Estate Planning – Communication, retirement, disability and estate planning
Evaluating the Farm Business – How many families will your farm business support?
Noon Lunch
1:00 Basic Succession Planning – Sharing income and transferring assets and management.
Forms of Business Organization – Which business entity to choose and when to consider a change?
Tying it all together.
3:30 Adjourn
For more information about this workshop and registration contact Eric Eberly, Central District Farm Business Agent at 434-292-5331 Ext. 241 or by email eeberly@vt.edu .
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Registration is $25 per individual or $30 per couple. Add $10 for each additional family member. Registration includes notebook materials, lunch, break drinks and snacks. Pre-registration is required.
Make check payable to “VCE-Nottoway County.” Mail registration and payment by Friday, November 9, 2007 to Nottoway County Extension, P.O. Box 22, Nottoway, VA 23955.
Name ______________/ (Last) ____________________ Spouse ___________________
Additional Family Enclosed $_____
Members______________________________________________________________________
___________________________________________ E-mail: _________________________________ |
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Job or Status (Check all that apply): |
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