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.
Farm Succession: Human Resources for Transition Planning
Understanding USDA Farm Income Forecasts
Fall Corn & Soybean Outlook Following USDA's September 2020 Reports
Ag Barometer Rebounds as Commodity Prices Rally & Agriculture Trade Prospects Improve
Using Vendor and Trade Credit for Farm Purchases
Farm Succession: Feasibility of Adding a Family Employee
Indiana Farmland Values & Cash Rental Rates: 2020 Update
Ag Economy Barometer Stable, But Farmers Less Optimistic About Future
Farm Succession: Transitioning Business Management
Corn & Soybean Outlook
Forecasting Eastern Corn Belt Corn & Soybean Basis
Farmer Sentiment Rebounds Amidst Ongoing COVID-19 Concerns
Cover Crop Profitability
Farm Succession: Transition Planning
Data and Precision Ag Usage
Ag Outlook Following USDA June World Ag Supply and Demand Estimates
COVID-19 Continues to Impact Farmer Sentiment; Majority Indicate Economic Assistance Bill Necessary
Coronavirus Food Assistance Program (CFAP) Application Details
Farmland Values in Today's Market
May 2020 Ag Outlook
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