July 28, 2021

Farm Succession: Non-Family Transfer

Many farms are not large enough or the next generation may not be interested in the farm business. Some farms may look outside their own family for non-related parties to bring into the farming operation. Purdue ag economists Brady Brewer discusses transferring the farm to a non relative with the Purdue Farm Transition team, Dr. Maria Marshall, Director of the Purdue Institute of Family Business and Renee Wiatt, Farm Business Management Specialist, and Dr. Julia Valliant of Indiana University, Research Scientist with the Ostrom Workshop. Finding a successor, determining a transition plan for the operational business and/or the land, and structuring the transfer process are discussed by the team on this  Purdue Commercial AgCast episode, the eleventh in our Farm Transition Planning series.


The companion episodes in this podcast series can be found at http://purdue.ag/successionplan:

  1. “Farm Transition Planning”, June 24, 2020
  2. “Farm Succession: Transitioning Business Management”, July 22, 2020
  3. “Farm Succession: Feasibility of Adding A Family Employee”, August 20, 2020
  4. Farm Succession: Human Resources For Transition Planning”, September 30, 2020
  5. “Farm Succession: Conflict Management For Transition Planning”, December 18,2020
  6. “Farm Succession: Business Governance For Transition Planning”, January 26, 2021
  7. “Farm Succession: Business Entities”, February 24, 2021
  8. “Farm Succession: Operating Agreements”, March 17, 2021
  9. “Farm Succession: Contingency Plan”, April 26, 2021
  10. “Farm Succession: Retirement Planning”, May 20, 2021


More information from the Purdue Farm Transition Team  can be found here and resources from the Purdue Institute for Family Business can be found at https://purdue.ag/fambiz and don’t forget to follow and subscribe to the farm succession planning YouTube channel.




Farm Succession: Retirement Planning

May 20, 2021

In this Purdue Commercial AgCast episode, the tenth in our Farm Transition Planning series, Purdue ag economists Brady Brewer discusses retirement planning with the Purdue Farm Transition team, Kelly Heckaman, Jeff Pell and Denise Schroeder.


Farm Succession: Contingency Plan

April 26, 2021

Planning for the unexpected helps the farm business continue and thrive when life throws a curve. Dr. Maria Marshall and Renee Wiatt join Dr. Brady Brewer to discuss what is in a contingency plan, risks that a contingency plan can cover, and why having one is needed for a successful farm transition.


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.



Monthly Corn & Soybean Outlook Webinar Series

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Join us Wednesday, November 10 for our next monthly update on the corn and soybean outlook following release of USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.

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