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ownership transition

Purdue Farm Management Tour & Indiana Master Farmer Reception 2024

Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.

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Purdue Farm Management Tour & Indiana Master Farmer Reception 2023

Two outstanding farms in south-central Indiana will host visitors wanting to learn about farm and crop management on July 11th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.

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Exit Strategies

Exit Strategies slidedeck presentation by Michael Langemeier given in Salem on March 25, 2022.

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Farm Succession/Transition Planning Series

An eleven-episode podcast series on farm succession/transition planning. Purdue ag economists Brady Brewer hosts members from the Purdue Farm Transition team and the Purdue Institute of Family Business to discuss topics related to succession planning.

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Measuring & Analyzing Farm Financial Performance

Compute accrual net farm income, and key financial ratios and repayment capacity measures from Schedule F information and beginning and ending balance sheets.

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Retirement in the Family Business: Farm and Non-Farm Differences

Retirement planning is always challenging but can be especially complicated if you own your business, work for a family business, or are self-employed. Copreneurs (those who own a business with their spouse) have especially complicated situations since the financial wellbeing of both individuals is linked to the business.

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Transferring Farm Machinery Through a Lease Agreement

There are numerous methods to transfer the ownership of farm machinery. Lease agreements often lower the cash flow requirements of the younger generation.

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Transferring Business Management

Transferring business management between generations is one of the most critical steps in transitioning the business from an older generation to a younger generation.

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How Should Business Income be Divided?

A model described that can be used to divide farm business income and provided an illustration of how this model could be used in practice.

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Beef Cow Rental Arrangements for Your Farm

Managing risk is required for many farm enterprises to be profitable and sustainable. Leasing assets, rather than purchasing them, is a form of risk management as it typically requires less capital. Leasing or sharing arrangements between farm operators and property owners have long been used to acquire control of land.

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