How will your family farm operate in the future, when the owner retires or is gone? Are you currently working with another generation who may be questioning their role in the future of the farm, or are you questioning your current role yourself?
More than 80 percent of farm families hope to pass the family farm on to the next generation, but research shows only 30 percent of family farms survive to the second generation, and only 12 percent survive to the third generation. A successful transition to the next generation takes careful planning.
New York State farm families are invited to participate in Design Your Succession Plan, a newly designed program that provides tools and resources to begin the farm succession planning process. This program is a working collaboration between Cornell Cooperative Extension, the Workforce Development Institute, and NY FarmNet.
Participants will have an opportunity to open lines of communication with family, creating a shared vision for the family business. They will also learn to choose and work with professional attorneys, accountants, lenders, insurance agents, and tax experts to construct a plan and documents that will put the family's vision into action.
This program will be offered as a four-evening remote course, via Zoom, in conjunction with an online learning platform used between meetings.
$60 per farm family, includes program workbook
This event is online
Last updated September 23, 2020