Planning for the Future of Your Farm
Each year, OSU Extension holds “Planning for the Future of Your Farm” workshops in different locations across Ohio. These workshops challenge farm families to actively plan for the future of the farm business. This workshop is designed to help farm families learn strategies and tools to successfully create a succession and estate plan that helps you transfer your farm’s ownership, management, and assets to the next generation. Learn how to have the crucial conversations about the future of your farm.
Topics discussed during this series include:
- Developing Goals for Estate and Succession
- Planning for the Transition of Control
- Planning for the Unexpected
- Communication and Conflict Management during Farm Transfer
- Legal Tools & Strategies
- Developing Your Team
- Getting Your Affairs in Order
- Selecting an Attorney
These workshops will be taught by members of the OSU Farm Office Team featuring Attorneys Peggy Hall & Robert and David Marrison, Extension Educator for Coshocton County. We encourage parents, children, and/or grandchildren to attend together to develop a plan for the future of your family farm.
Upcoming In-Person Programs:
Auglaize County- December 15, 2022 (8:30 to 4:00 p.m.)
Fairfield County- January 19, 2023 (8:30 a.m. to 4:00 p.m.)
Van Wert County- January 31, 2023
Attend the workshop from the comfort of your home on January 23 and 30 and February 6 and 13, 2023 from 6:30 to 8:30 p.m. via Zoom. Pre-registration is required so that a packet of program materials can be mailed in advance to participating families. Electronic copies of the course materials will also be available to all participants. The registration fee is $75 per farm family. The registration deadline is January 16, 2023.
For more information about these programs, contact David Marrison at 740-722-6073 or by email at firstname.lastname@example.org.
Farm Succession Resources
The emotional loss of a loved one is an extremely difficult time for families; especially for farm families. We can make it easier by having all our important information summarized in one document. This planning document allows you to summarize your assets and how each is owned, valued, and titled. This information along with liabilities will be needed by your attorney or estate planning professional as you plan your estate.
This factsheet serves as an introduction to farm succession planning.
This factsheet describes the whole farm planning method which farm families can use as they develop strategies for the future success of their business. This approach allows families to examine the internal structure of their business and then develop business, retirement, transition, estate and investment plans.