Got Nature? Blog

Families planning the transfer of farms to the next generation of operators seek information and resources. Purdue Extension’s Succession Planning Resource is designed to help Indiana farm families navigate this critical transition. The succession planning process includes considerations for financial well-being, farm management, and risk assessment. It is crucially important for families to properly develop plans that address the transfer of ownership and management.

The Succession Planning Team offers:

• Regional Workshops with experts in law, finance, and farm management
• Introductory Presentations to kickstart your planning process
• Farm Family Visits for personalized guidance

Regional Workshops
The team coordinates winter workshops held regionally across Indiana (attendees may be charged a fee). These workshops cover various topic areas including:

• Beginning succession planning steps
• Financial skills
• Communication strategies
• Business structures
• Risk management tools
• Options for asset transfer to the next generation
• Management transfer plans

Workshop presenters include experienced professionals (i.e., attorneys and accountants), Extension specialists and Extension Educators. Team members may also hold family meetings with the workshop attendees to help them move forward with the next steps of their succession plans. Fees charged for these workshops have been lowered due to grant funding provided by the North Central Extension Risk Management Education Center.

Explore the resource and start building a stronger foundation for your future: Succession Planning.

Resources:
Community Development, Purdue Extension
Wind Energy, Purdue Community Development
National Renewable Energy Laboratory (NREL)
Environmental Planning in Community Plans, The Education Store, Purdue Extension’s resource center
Enhancing the Value of Public Spaces Program, Purdue Extension YouTube Channel
Enhancing the Value of Public Spaces: Creating Healthy Communities, The Education Store
Conservation through Community Leadership, The Education Store
Conservation through Community Leadership, Purdue Extension You Tube Channel
Implementation Examples of Smart Growth Strategies in Indiana, The Education Store, Purdue Extension’s resource center
Conservation Through Community Leadership, The Education Store
Community Planning Playlist, Purdue Extension-Forestry & Natural Resources (FNR) YouTube Channel
One Water Approach to Water Resources Management, The Education Store
Rainscaping Education Program, Purdue Extension
Rainscaping and Rain Gardens, Purdue Extension YouTube Channel
Indiana Creek Watershed Project – Keys to Success, Partnerships and People, Purdue Extension You Tube Channel
Sustainable Communities Extension Program
Illinois-Indiana Sea Grant
Subscribe – Purdue Extension – Forestry and Natural Resources YouTube Channel
Purdue Extension-Forestry and Natural Resources Calendar, workshops and Conferences

Diana Evans, Extension & Web Communications Specialist
Purdue University Department of Forestry and Natural Resources