September 30, 2020

Farm Succession: Human Resources for Transition Planning

Adding to our series about Farm Transition Planning, in this fourth Purdue Commercial AgCast episode, we focus on the human resource side of succession planning. Keeping the farm business running between generations and management tiers can be difficult, but job descriptions and keeping open communication is key. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Jenna Nees, Denise Schroeder, and Kyle Weaver discuss the importance of having a strong HR strategy and some common issues that many farms face as they transition management roles.

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Farm Succession: Operating Agreements

March 17, 2021

Who can join the farm? And how? What terms are set on compensation if equity and contributions aren’t equal? In this episode, our eighth in our Farm Transition Planning series, Purdue ag economists Brady Brewer and Michael Langemeier discuss agreements that are important in a farm business with Purdue Farm Transition team member Ed Farris. They talk operating agreements and common provisions, as well as buy/sell agreements.

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Farm Succession: Business Entities

February 24, 2021

When it comes time to transition your farm business to the next generation, whether your farm is set up as a sole proprietor, partnership, corporation, or LLC, how your business is structured will affect many aspects. Deciding on a business entity requires much thought and advice. In this Purdue Commercial AgCast episode, our seventh in our Farm Transition Planning series, Purdue ag economist Brady Brewer and members of the Purdue Farm Transition team Kelly Heckaman and Ed Farris discuss business entities.

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Farm Succession: Business Governance for Transition Planning

January 26, 2021

Adding on to our transition planning series, in this 6th episode, Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt and Maria Marshall focus on how and why to set up governance policies in a farm business.

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UPCOMING EVENTS

Monthly Corn & Soybean Outlook Update

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Join us Thursday, May 13 for our next monthly update on the corn and soybean outlook following release of USDA’s May Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.

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