Annie's Project: Workshop Series for Farm Women #3

Date: 
Tuesday, February 23, 2016 - 10:30am to 2:30pm
Location: 
New York state (multiple locations)

Managing for Today and Tomorrow: Succession, Business, Estate and Retirement Planning for Farm Women

Annie’s Project is a program designed to empower farmwomen to become better business partners through networks and by managing and organizing critical information.

A 5 week workshop series for farm women:

Jan 26, Feb 9 & 23, Mar 8 & 22 (with snowdate Mar 15)

Multiple locations across NYS, find the nearest location to you here.

Cost for all Session:  $100
Cost includes: 15 hours of instruction, meals and course materials.

Transition Planning is the process of creating and implementing an overall strategy to move the farm or ranch business from one generation to the next. It is challenging for many farms to continue as productive agricultural businesses beyond the life of the current owners. This creates the need for a gradual and carefully planned shift to new owners; whether to family heirs or non-related persons. Farm families make important transition decisions through succession, business, estate, and retirement planning.

It is helpful to break out the seemingly overwhelming process of transition planning into the more manageable processes of succession, business, estate and retirement planning.
Taking small steps in each planning area over time can result in achievement of an overall farm or ranch transition plan.

This course is divided into sections on succession, business, estate and retirement planning to help farm women understand the components of each type of planning and how they all fit together.

Learning Objectives
At the end of the course, participants will be able to:

  • Understand the concepts of succession, business, estate and retirement planning and how this planning is combined to create a transition plan for the farm or ranch business.
  • Access on-line information and planning tools and develop local networks that can help with transition planning.
  • Understand the process of setting personal and farm or ranch business goals.
  • Develop SMART goals and prioritize goals to help with decision making.
  • Use new communication techniques with family members to define and implement transition planning goals.