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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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In this fifth episode of our series about Farm Transition Planning, we focus on conflict management – what is conflict, what causes it, how do we handle it within a farming business to come to a resolution.
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On this Purdue Commercial AgCast episode, Dr. Michael Langemeier and Dr. Brady Brewer discuss the latest numbers from the Purdue Center for Commercial Agriculture’s decision tool along with tips on how to use this tool to make farm operating decisions.
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A series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.
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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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Adding to our series about Farm Transition Planning, in this third Purdue Commercial AgCast episode, we discuss how to evaluate if the farm can add an operator or hired employee.
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Following our episode about Farm Transition Planning, we now take a closer look at some of the key areas of forming and executing a farm succession plan. To kick this series off, Purdue Agricultural Economists Michael Langemeier and Brady Brewer cover the topic of transitioning management of a farm from one generation to the next.
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Maria Marshall, professor and director of Purdue’s Institute for Family Business, joins Brady Brewer to discuss farm succession planning. They answer why it’s important to start planning both a management and an ownership transfer ahead of time, who to have on your team of advisors, and the things you can do to start to prepare.
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