OSU Extension workshop to assist with transferring farm businesses

WOOSTER, Ohio — As the age of farm operators increases, transferring the ownership and management of the family farm will become one of the most important issues farm families will face.

Workshop

OSU Extension will host a Transferring Your Farm Business workshop designed to help farm families in northeast Ohio plan for the transfer of their family farm, Aug. 23 from 9 a.m. to 4:30 p.m. at the OSU Extension office in Trumbull County, 520 W. Main St. in Cortland.

Farm families are encouraged to bring members from each generation to this workshop. The workshop helps develop a plan for the future, discover ways to increase family communication and learn strategies for transferring management skills and the farm’s assets from one generation to the next.

Topics will include: Getting the Family to Talk About Estate Planning, Getting Your Affairs in Order, How to Use Farm Business Arrangements in Estate Planning, Estate and Transfer Strategies, Providing Income for Multiple Generations, How Do I Treat Each Offspring Fairly When It Comes to Dividing up our Farm and Long-Term Care Issues.

The workshop teaching team will include: David Marrison, OSU Extension educator in Ashtabula & Trumbull counties, Chris Bruynis, OSU Extension educator in Wyandot County; Jim Skeeles, OSU Extension educator in Fairfield County and Paul Wright and Robert Moore, attorneys-Wright Law Company.

Cost

Registration begins att 8:30 a.m. Registration fee is $50 for the first family member and includes morning refreshments, lunch, program handouts and a family resource notebook.

Additional family members can attend for $15 per person (includes refreshments, lunch and program handouts). Pre-registration is required by Aug. 15 and registrations are limited to the first 60 attendees. Make checks payable to OSU Extension and mail to OSU Extension, 520 W. Main St., Suite 1, Cortland, OH 44410. For more information call 330-638-6783 or email David Marrison at marrison.2@osu.edu.

This workshop is being sponsored by the OSU Extension offices in Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, Summit, & Trumbull counties.