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 episode.
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Podcast provided by Purdue University's Center for Commercial Agriculture. Find the rest of this farm succession series at http://purdue.ag/successionplan and more information on farm succession planning on the Purdue Institute for Family Business’ YouTube channel.
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Indiana Farmland Values & Cash Rental Rates: 2021 Update
August Corn & Soybean Outlook Update
Ag Barometer Insight: July 2021 Survey
July Corn & Soybean Outlook Update
Ag Barometer Insight: June 2021 Survey
USDA Acreage Report & June 30th Outlook Update
Carbon Markets For U.S. Row Crop Producers: Opportunities And Challenges
June Corn & Soybean Outlook Update
Ag Barometer Insight: May 2021 Survey
Farm Succession: Retirement Planning
May Corn & Soybean Outlook Update
Ag Barometer Insight: April 2021 Survey
Farm Succession: Contingency Plan
April Corn & Soybean Outlook Update
Ag Barometer Insight: March 2021 Survey
Planting Intentions & March 31st Outlook Update
The Value of Farm Data
Farm Succession: Operating Agreements
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