Planning for your farm future


Tony Nye - OSU Extension



Have you thought about planning for your future with your family and your farm operation?

On Friday, Jan. 19 we will be hosting a workshop titled Planning for the Future of Your Farm. This workshop will be held at the Clinton County Extension Community Room at 111 S. Nelson Ave., Wilmington. The program will run from 9 a.m. to 3:30 p.m.

This workshop is designed to help farm families develop a succession plan for their farm business. Attend and learn ways to successfully transfer management skills and the farm’s business assets from one generation to the next. Learn how to have the crucial conversations about the future of your farm.

This workshop will challenge farm families to actively plan for the future of the farm business. Farm families are encouraged to bring members from each generation to the workshop. Plan today for the future success of your family business!

Planning for the Future of Your Farm topics will be:

• Key questions to answer when planning for the future of the family farm business

• Family communication in the farm transition process

• Analyzing the family farm business/keeping the business competitive into the future

• Providing income for multiple generations

• Developing the next generation of farm managers

• Farm succession with multiple offspring and family members: Fair vs. Equal

• Retirement strategies

• Preparing for the unexpected

• Strategies to get my farm and family affairs in order

• Analyzing risk in today’s world

• Long-term health care issues and costs

• Farm business structures and their role in estate and transition planning

• Estate and transfer strategies

• Buy/sell agreements

• Trusts and life insurance

• Tax implications of estate and transition planning

• What will my lawyer need from me?

Speakers will include Chris Bruynis, OSU Associate Professor and Extension Educator for Ross County; Robert Moore, Attorney at Law, Wright & Moore Law Company; and Peggy Hall, OSU Extension Ag Law Specialist.

Pre-registration is required. The cost is $25 per person or $45 for the family which includes lunch and one binder of all program materials per family. Registration deadline is Jan. 12, 2018. Payment options are credit card, check or cash. Registration and payment by credit card may be made at the Extension Office. Make checks payable to OSU Extension – Farm Plan and mail to: OSU Extension Clinton County, 111 S. Nelson Ave., Suite 2, Wilmington, OH 45177.

Corn College

Another program will be the 2018 SW Ohio Corn College, to be held Monday, Jan. 22 from 9 a.m. to 3:30 p.m. also at the Clinton County Community Room.

This high-impact program is designed for producers wanting to be on the “cutting edge” of corn production for their operations.

Topics include:

• Agronomic Practices that Optimize Profitability in Corn Production — Perception vs. Reality

• Population and Hybrid Characteristics

• Ear and Kernel Disorders

• Fertility Management – A Look at Nitrogen, Timing and Needs During Corn Development

• Decision making with High Resolution Crop Imagery

• Corn Disease and Fungicide Use – What New Threats are There and What are the Best

• Real Field Experiences with Variable Rate Nitrogen Applications

CCA Credits will be available!

Speakers are: Dr. Peter Thomison, Dr. John Fulton, Pierce Paul, and Elizabeth Hawkins all from The Ohio State University; and Dr. Josh McGrath of the University of Kentucky.

Registration is $40 per person and will include refreshments, lunch, and handouts. Registration is due Jan. 18. Payment options are credit card, check or cash. Registration and payment by credit card may made at the Extension Office. Make checks payable to OSU Extension – Farm Plan and mail to: OSU Extension Clinton County, 111 S. Nelson Ave., Suite 2, Wilmington, OH 45177. Registration is also available at http://go.osu.edu/2018SWCORN.

For more information on either program, contact Tony Nye at 937-382-0901 or by email at nye.1@osu.edu.

Tony Nye is the state coordinator for the Ohio State University Extension Small Farm Program and has been an OSU Extension Educator for agriculture and natural resources for 29 years, currently serving Clinton County and the Miami Valley EERA.

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Tony Nye

OSU Extension