Succession planning is a messy but necessary issue that farms must address to ensure the farm’s future. Join Michigan State University Extension for the 2023 Thumb Farm Succession Planning Workshop on Wednesday, Aug. 30, to learn more succession planning issues and the process as it relates to your farm.
In the morning, MSU Extension Farm Business Management Educators, Chris Bardenhagenn and Corey Clark will bring their legal and financial planning expertise to this topic. Discussions will include transferring farm assets and operations through gifts, trusts, and business entities, as well as considerations in transferring management responsibilities. In the afternoon, you and your farm members will have an opportunity to work on your own succession plan with guidance from skilled facilitators.
Source: msu.edu
Photo Credit: pexels-fauxels
Categories: Pennsylvania, Business, Education