Farm Business Transition Workshop Series to be Held in January
Farm Business Management Update, December 2005/January 2006
By Keith Dickinson, (Keith.Dickinson@vt.edu), Extension Agent, Farm Business Management, Northern District
One of the most challenging issues facing today's farm owners is the successful transition of the farming operation from one generation to the next. Concerns such as estate planning, business structure, retirement income planning, planning for long term care, and interpersonal relationships of family members all impact the farm transition process. It is estimated that over 70 percent of the farm land in Virginia will change ownership during the next 10 years. Without careful planning, farm businesses will not survive these ownership transitions.
In order to help farm business owners realize and attain their farm business transition goals, Virginia Cooperative Extension has planned a five-part workshop series on this subject. The workshop series will be held in two locations in the Northern Piedmont region of Virginia: in Culpeper at the Depot and in Louisa at the Louisa County Extension Office. The series in Culpeper will be held 10am to 2pm, and the Louisa series will be held 5pm to 9pm. Each series will be held on five consecutive Mondays, beginning January 9, 2006, continuing through February 6. A meal will be served at each workshop session. A fee will be charged to help cover workshop costs.
Participants in this program will receive a Farm Transition Guidebook, which will contain reference materials for guiding families through the process of farm business transition. At the completion of this workshop series, participants will have the tools that they need to prepare a written farm business transition plan. Throughout the series, participants will receive guidance as they begin the process of developing all aspects of their farm transition plan.
Pre-registration for this workshop series is required. For more information and to obtain registration materials, please contact Keith Dickinson, Extension Agent, Farm Business Management, in the Culpeper County Extension Office at (540) 727-3435, ext. 342, or by email at Keith.Dickinson@vt.edu. Registration materials are also available by contacting the Virginia Cooperative Extension Offices in Culpeper and Louisa.
Event Title: "Planning the Future of the Farm Business" farm transition management workshop series
Location(s): The Depot, Culpeper, Virginia and Louisa County Extension Office, Louisa, Virginia
Date(s): January 9, 16, 23, 30, and February 6, 2006
Time: Culpeper: 10am - 2pm; Louisa: 5pm - 9pm
Contact: Keith Dickinson, Extension Agent, Farm Business Management, Culpeper County Extension Office, (540) 727-3435, Keith.Dickinson@vt.edu
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