Purdue Institute for Family Business: News & EVENTS

upcoming events 

 

Farming Together: Cultivating relationships and having the cash to bring in the next generation

To successfully guide a farm operation from generation to generation, farm owners and families need to have a plan for where they are going and knowledge of how they will fund that transition. The Purdue Extension Succession Planning Team is hosting workshops along with individualized sessions to help farms strategically structure a farm succession plan.

The “Farming Together: Cultivating Relationships and Having the Cash to Bring in the Next Generation” workshop will be a day-long event hosted at 10 Indiana locations. Workshops will be held at various locations beginning January 12 through February 2, 2023 from 10 a.m. to 3 p.m.

A local lawyer will be available at each of the regional meetings. After the workshop, families can schedule virtual guidance sessions for individualized discussions with the Purdue team and collaborators to discuss topics of their choice. The cost for the workshop is $30 per person with lunch included. Registration is online. The list of workshop locations is as follows:

  • January 12: Mooresville Public Library Community Room, 220 W. Harrison St. Mooresville, Ind.
  • January 17: Purdue Extension Clay County Office, 6656 N. State Road 59 Brazil, Ind.
  • January 19: Purdue Extension Bartholomew County Office, 783 Ss Marr Rds Columbus, Ind.
  • January 19: Hopewell Mennonite Church, 805 N. Main St. Kouts, Ind. (Central time)
  • January 25: Kokomo Public Library, 120 East Mulberry St. Room 100 Kokomo, Ind.
  • January 26: Purdue Extension Wayne County Office, 861 Salisbury Rd. Richmond, Ind.
  • January 26: White County Fairgrounds, 12 N. 25 E. Reynolds, Ind.
  • January 26: Purdue Extension Harrison County Office, 247 Atwood St. Corydon, Ind.
  • February 1: Spencer County Youth & Community Center, 1101 E. County Rd. 800 N. Chrisney, Ind.
  • February 2: Huntington University Habecker Dining Commons, 502 Lake Street Huntington, Ind.

Click Here to Register!

Farmers and ranchers sought for a study about balancing children and work

Farmers, ranchers, and their partners raising children wanted! Researchers are looking for primary caregivers of children under 18 to participate in an online survey about how they are juggling children and work. Full and part-time farmers and ranchers are welcome to participate and may choose to enter a raffle to win one of fifty $50 checks. For questions or to request a paper survey, contact Florence Becot at 715-389-9379 or becot.florence@marshfieldresearch.org. To fill out the online survey, visit this link: https://redcap.link/Survey1_FarmersRaisingChildren

Click Here to Take the Survey!

 

SIx Pillars of Farm Risk Management

Date and Time: Rolling Enrollment
 
Join a great team of Extension educators, specialists, faculty, and a lawyer as we present The Six Pillars of Farm Risk Management. This online course allows participants to earn a Purdue certificate! Open enrollment is available through November 2022, but early enrollment is encouraged. You can access the course and earn your certificate for only $49! 
 
The Six Pillars of Farm Risk Management will encompass a process to mitigate, transfer, and avoid risks in production, marketing, financial, legal, human resource, and social media. This 6-week online course incorporates all six pillars of contingency planning through online modules, recorded videos, and webinars with participants that can be delivered nationwide. At the end of the course, farms and agribusinesses will have written contingency plans and policies for each of the 6 pillars. Contingency plans will help businesses efficiently recover from disruptions or disasters. Through this program, managers, owners and key employees will be better prepared for disruptions and disasters that their business and/or family will inevitably encounter. 

Enroll in the Course!


PAST (2022) events 

Date and Location: April 20, 2022 at University of Wisconsin - River Falls

Topics: Rod Nilsestuen Legacy Event is an annual event sponsored by the Ralph K Morris Foundation and hosted by the College of Agriculture, Food and Environmental Sciences. This is the 10th year of the event.

The topic of of 2022 is “The Family Farm: Competence, Control and Cohesion” by keynote speaker Maria Marshall, professor of agricultural economics at Purdue University and director of the North Central Regional Center for Rural Development. 

 

Managing Farm Risk Webinar Series 

Join an experienced team of Extension educators, specialists, faculty, and a lawyer as we present the Managing Farm Risk Webinar Series. This series will encompass a techniques and tips to mitigate, transfer, and avoid risks in production, marketing, financial, legal, human resource, and social media. Risk is inherent to any business, and farms arguably face more risks than another businesses. Contingency plans will help businesses efficiently recover from disruptions or disasters. Through this webinar series, managers, owners and key employees will be better prepared for disruptions and disasters that their business and/or family will inevitably encounter. This free webinar series will consist of 6 webinars, covering: Human Resource Risk, Legal Risk, Production Risk, Social Media Risk, Marketing Risk and Financial Risk. 

Access the Webinar Series here!

News

Own a Family business? Tips to survive the holidays
The Grower & The Economist  | Maria I. Marshall | December 8, 2021
 
Navigating Farm Succession
RealAg Radio  | Renee Wiatt | November 25, 2021
 
The Pandemic Forced Thousands of Businesses to Close—But New Ones Are Launching at Breakneck Speed
TIME Magazine | Maria I. Marshall | July 22, 2021

Strategies and Resources for Succession Planning - Recorded Webinar 
Roots of the Soil Webinar Series - National AgrAbility | Maria Marshall and Renee Wiatt | August 27, 2020

Cash Flow Problems and Resource Intermingling: Do They Affect Small Business Recovery and Resilience in the Wake of a Natural Disaster?
Purdue Agricultural Economics Report | Renee D. Wiatt, Yoon Lee, Maria I. Marshall, and Virginia S. Zuiker | October 7, 2020

PIFB Director Maria Marshall Appointed the Jim and Lois Ackerman Professor in Agricultural Economics
Purdue University News Release |  Sources: Jay Akridge, Christine Armes, April Heady, Maria Marshall, and Andrea Vacca | October 2, 2020

Traveling the Road Toward a Farm Transition
Hoard's Dairyman (Fort Atkinson, Wisconsin) | Abby Bauer, citing Maria Marshall's Podcast | June 24, 2020

Farm Transition Planning
Center for Commercial Ag Podcast | Maria Marshall | June 24, 2020

Why ALL Businesses Need Job Descriptions
Indiana Onsite Wastewater Professionals Association Newsletter, Summer Edition | Renee Wiatt | June 2020

Why ALL Businesses Need a Plan
Indiana Onsite Wastewater Professionals Association Newsletter, Spring Edition | Renee Wiatt & Maria I. Marshall | March 2020

Defining Your Dreams
Vegetable Crops Hotline, 669 | Renee Wiatt & Maria Marshall | March 2020  

Why Advisors Need to Meet EVERYONE in the Family
Indiana Nursery and Landscape Association News | Renee Wiatt | January/February 2020

Poultry to Plant-Based: Animal Farmers Are Now Working with Vegans to Get Out of the Meat Business

Forbes | Jenny Splitter | January 14, 2020
"Marshall has worked with farmers transitioning from one kind of agricultural system to another—usually conventional to organic or vice versa. What she can say, generally speaking, is that transitioning a farm will always be an expensive and challenging proposition. “There’s just a lot of startup costs and knowledge that they have to gain,” she says."

A Discussion of the Agricultural Provisions in the CARES Act

Date and Time: April 16, 2020
Topics: The CARES Act was passed in response to the coronavirus. This session was a dialogue with Representative Roger Marshall regarding the agricultural provisions in the CARES Act. Senator Pat Roberts was also in attendance. also be participating.

(Indiana) COVID-19 Affected Business and Employee Resource Guide
The resources contained within this document are a culmination of state (Indiana) and federal efforts to combat the economic crisis created by the public health battle being waged against the novel coronavirus.
  • Coronavirus Aid, Relief, and Economic Security (CARES Act)/H.R. 748
  • Families First Coronavirus Response Act (Public Law No: 116-127)
  • Small Business Economic Injury Disaster Loans (EIDL)

Creating a Culture of Collaboration in Family Businesses
Indiana Nursery and Landscape Association News: Renee Wiatt & Maria Marshall | January 2019

How Do Tension, Fairness, and Finances Interact in a Family Business?
Indiana Nursery and Landscape Association News: Renee Wiatt | January 2018

Bright Ideas You Can Try Right Now: Last in a Series
Farm Futures: Larry Stalcup | October 13, 2017

Workshop helps answer the question, 'Who gets the family farm?'
Greensburg Daily News | September 22, 2017

Improving Small Family Business Success
Purdue Agriculture: Ag Stories | May 2, 2017

Purdue launches new resource for family businesses
Bridgett Hernandez, Fort Wayne Business Weekl | March 16, 2017

Introducing PIFF: The Purdue Initiative for Family Firms
Maria Marshall and Renee Wiatt, Vegetable Crops Hotline Newsletter | March 15, 2017

Maria Marshall interview on Agriculture Strategy
Maria Marshall & Andrew Junkin, Agriculture Strategy | March 6, 2017

Initiative Helps Small Businesses Succeed
Purdue Extension, Community Development | January 10, 2017

New Vision in the New Year series: Setting Goals for Success
John Owen, Dayton Tech Guide | January 9, 2017

Initiative aims to help small businesses succeed

Brad Oppenheim, WLFI | December 31, 2016

 

Purdue initiative aims to help family businesses

Darrin Pack, Agriculture News | December 19, 2016