The News Courier in Athens, Alabama

Local News

January 20, 2014

Two generation farm business workshops scheduled for February in Belle Mina

For many families working to transfer a farming operation from one generation to the next, it’s not the legal, financial and technical issues that prove most challenging.

As many families have learned from experience — often bitter experience — the biggest challenge often involves ensuring that this transition occurs on the basis of open communication and trusting relationships among families members.

Indeed, effective relationship building and overcoming barriers to effective communication often prove to be the critical measure of success in the course of transferring a farming operation from one generation to the next, according to Dr. Paul Brown, associate director of the Alabama Cooperative Extension System.

“As it happens, professional help, whether this turns out to be legal, financial or technical assistance, often comes together pretty well,” says Brown who grew up on a family farm in Iowa. “However, it is the human relationships and levels of communication among family members that often prove critical to success.”

“Individual family members come into this mutigenerational dialogue with different expectations and goals, but as family members they must develop a common vision of how these goals are going to be met.”

With interest in farm succession planning on the steady rise, the Alabama Cooperative Extension System will hold a series of seminars in February to provide farm families with tools to better ensure that these operations are passed as successfully and seamlessly as possible from one generation to the next.

Locally, a workshops is scheduled for Monday, Feb. 17, at the Tennessee Valley Research and Extension Center in Belle Mina.

Anyone interested in learning about the critical factors for success associated with transferring a farming operation across generations is encouraged to attend, according to Brown.

The workshop will help families assess the feasibility of two-generation farming operations and how to develop the communication and human relationship skills essential for success. Families will also be advised about the most effective ways to transfer ownership and management responsibilities and to divide business income.

The training will also identify the factors most essential for securing a business arrangement that serves both generations.

“What we want to accomplish through these workshops is to give families an overview of the farm business transfer process – the key factors they need to discuss as a family before they proceed with planning,” Brown says.

The workshop will explore a four-stage transfer process whereby ownership, management and income are transferred from one generation to the next using a series of business arrangements.

The workshop will begin at 5:15 p.m. with registration, followed by dinner.

In addition to Paul Brown, other speakers will include Dr. Francesca Adler-Baeder, Alabama Extension specialist and professor in the Department of Human and Family Studies at Auburn University, and Dr. Robert Tufts, an attorney, Alabama Extension specialist and professor in the School of Forestry and Wildlife Sciences.

The capstone of each workshop will be a discussion about planning assistance, further educational topics and future programming.

“Succession planning is a multiyear process as the torch is passed from one generation to the next,” Brown says. “So, it’s important that we get feedback about additional help people will need, either as individuals or as members of a multiple-family operation.”

Pre-registration is required one week before each scheduled program so that meal arrangements can be made and materials prepared. 

For more information, contact Nan Chambliss of the Alabama Extension Agriculture, Forestry and Natural Resources Programs at (334) 844-4450. 



 

1
Text Only
Local News
Photos


Poll

Which foreign crisis is the biggest threat to the security of the United States?

Russia-Ukraine
Israel-Palestine
Iraq
None of the above
     View Results
Facebook
AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee