Design Your Succession Plan
Event Details
Date
November 2, 2021
November 9, 2021
November 16, 2021
November 30, 2021
December 7, 2021
December 14, 2021
Time
6:30 - 8:00pm
Location
Online via Zoom
Host
Cornell Cooperative Extension
Laura Biasillo
607-584-5007
email Laura Biasillo
"Empowering families to get started on their succession plan."
How will your family farm operate in the future when the owner retires or is gone? Are you currently working with another generation who may be questioning their role in the future of the farm or are you yourself questioning your current role?
More than 80% of farm families hope to pass the family farm on to the next generation, but research shows only 30% of family farms survive to the second generation, and only 12% survive to the third generation. A successful transition to the next generation takes careful planning.
To help NYS farm families start their succession planning process, Cornell Cooperative Extension educators will be utilizing a new interactive program designed by North Dakota State University Extension: Design Your Succession Plan. This program provides tools and resources for producers who want to begin the succession planning process.
Participants will have an opportunity to open the lines of communication with family to create a shared vision for the family business. They will also learn to choose and work with professionals such as attorneys, accountants, lenders, insurance agents and tax experts to construct a plan and documents that put the family's vision into action. Attendees will learn through scenario-based learning how to relate real-life experiences to the farm transition process. This webinar series will utilize a "flipped classroom" which requires that attendees complete pre-work prior to each session. This could include watching videos, visiting websites, or completing a handout/worksheet. This pre-work should not take more than 15-20 mins each week, but will enrich your experience during each of the weekly webinars.
"The program will prepare you to envision, communicate, plan, write and shape the legacy of your family farm, as well as save hundreds of dollars by completing these crucial planning steps before visiting with professionals," said Bonnie Collins, Farm Management Educator, CCE Oneida.
Cost for this Workshop Series as a Farm is $100.00 (this includes one workbook with worksheets focused on gathering helpful data, financial planning and timelines). Each additional workbook is $25 which can be given to others engaged in the farm transition process. Register Online by October 24, 2021.
Sessions 6:30-8:00 pm EST & Topics:
WEEK 1 - Nov 2nd: Starting Your Succession Plan
WEEK 2 - Nov 9th: Family Meetings and Conversations
WEEK 3 - Nov 16th: Determining What You Want
WEEK 4 - November 30th: The Next Generation & Your Legacy
WEEK 5 - December 7th: Choosing & Working With Professionals
WEEK 6 - December 14th: Next Steps & Helpful Tools & Resources
Upcoming Events
HPAI in Dairy Cattle ~ Spanish Webinar
May 17, 2024
Free Informational webinar for Spanish-speaking members of the dairy industry providing background and updates on the outbreak of Highly Pathogenic Avian Influenza or H5N1 virus in dairy cattle.
New York State Fiber Conference
June 9, 2024
Bouckville, NY
Theme for this year: Quality Matters
Announcements
Cash Rent and Custom Harvest Survey
To date, there is limited information available about rental rates and fees for crop harvesting. Farms can use this valuable information for their farm business planning to help improve decision making and profitability.Farmers Can Join MeatSuite For Free!
MeatSuite.com is a free resource provided by Cornell University where NY meat farmers can create a farm profile and list their bulk (wholes, halves, quarters) and bundled (i.e. Grilling Bundle) meat products.Why should farmers join?
1. It's free and easy!
2. Connect with more local customers. In the past year the MeatSuite.com farm directory had 8,300 visits from New York consumers. Farm profiles get as many as 25 views per month from potential local customers. We also spotlight MeatSuite farms on social media and bring attention and purchases to farms through highlights and giveaways.
How do I join?
Farmers can visit https://www.meatsuite.com/farmers/ to create a free farm profile. You must list at least one product for your farm's profile to go live. You'll also have access to Cornell's free Meat Price Calculator, a helpful tool for pricing your meat to make a profit.
While you're on MeatSuite, check out the "Creating Consumer-Friendly Bulk Meats" publication on the log-in page. It has tips on how to create bulk meat products that are easier for first-time buyers to say "yes" to.
If you have any questions as you create your farm profile or products, we're here to help! Please email Matt LeRoux at mnl28@cornell.edu.