by: Eric Richer, OSU Extension Fulton County & Sarah Noggle, OSU Extension Paulding County
Are you interested in starting the conversation for a successful farm transition to the next generation? OSU Extension in Northwest Ohio is holding two separate but identical farm transition meetings to assist farmers in navigating the farm transition process.
The first night will focus on the senior generation (all are invited) including estate and Medicaid planning, communication through the process, farm financial affairs and vision/management transition. The second night will focus on the next generation (all are invited) including entity formation and use in transition planning, a recap of wills & trusts, accounting implications like capital gains, gifting and share valuation, and committing to the process. Local legal and accounting professionals will be teaching sessions along with local county Extension educators. For either program location, the cost is $20 per farm entity for both nights and including refreshments and materials.
In Fulton County, the 2-night program will be held at the Robert Fulton Ag Center, 8770 State Route 108, Wauseon, OH 43567 on January 28th and February 11th from 6:30-9:00 pm. If you are interested in the Fulton County program, download the registration form at www.go.osu.edu/fultonagprograms2020 or visit www.fulton.osu.edu. Pre-registration closes Friday, January 24th.
In Paulding County, the 2-night program will be held at the Paulding County Extension Office, 503 Fairgrounds Drive, Paulding, OH 45879 on February 20th and 27th from 6:30-9:00 pm. If you are interested in the Paulding County program, visit www.paulding.osu.edu for registration details. Pre-registration closes February 6.