Purdue Extension to host three-session lunchtime virtual workshop on succession planning

Friday, August 16, 2024 at 8:24 AM

By Johnny McCrory

The Purdue Extension Succession Planning Team is hosting the virtual workshop, “Succession Planning -Transferring the Farm's Legacy,” for individuals seeking advice as they look ahead with transferring their family businesses to the next generation.

“Many families strive to have a good succession process in place. Setting goals, seeking legal advice, and considering family dynamics are all important aspects,” said Ed Farris, Purdue Extension Educator in Huntington Co., who is a member of the Purdue Extension Succession Planning Team. “This program is designed to help families stay focused in their planning decisions.”

The three-session lunchtime virtual workshop will be Tuesday Aug. 20 (Noon to 1 p.m. EST), Wednesday Aug 21 (Noon to 1 p.m. EST), and Thursday Aug. 22 (11 a.m. – 1 p.m. EST). Note the earlier start time on Thursday Aug. 22 as the series concludes with an attorney presentation.

The series will offer the following presentations from Purdue Extension Educators and Specialists along with attorneys:

August 20, 2024, 12:00 p.m. - 1:00 p.m. (EST), "Management Transfer " - Speakers: Nick Held and Kyle Weaver
August 21, 2024, 12:00 p.m. - 1:00 p.m. (EST), "Financial Preparedness" - Speakers: Michael Langemeier and Ed Farris
August 22, 2024, 11:00 a.m. - 1:00 p.m. (EST), "Conflict Management " -Speakers: Phil Woolery and Renee Wiatt and "Legal Considerations for Structuring Your Farm Succession Plan" - Speakers:Scott Linneweber and Brian Eagle, Attorneys, Eagle and Fein, P.C.

Participants can register for the program series at https://cvent.me/NE0BQg . The program fee is $40.00 per email address. Zoom Links to the programs will be sent to registered participants prior tothe programs. Registration questions can be answered by contacting Jeff Pell at jpell@purdue.edu or 317-745-9260.

Visit our homepage at www.extension.purdue.edu/putnam or you can contact the local Purdue Extension Office by calling 765.653.8411 for more information regarding this week’s column topic or to RSVP for upcoming events. It is always best to call first to assure items are ready when you arrive and to RSVP for programs. While many publications are free, some do have a fee. Purdue University is an equal access/equal opportunity institution. All times listed are Eastern Time.