Do you have a plan in place for transferring your farm business to the next generation? REGISTER HERE!
This material is based upon work supported by USDA/NIFA under Award Number 2021‐70027‐34693.
Join CCE-trained educators for a FREE & Virtual series focused on leveling up your toolbox when it comes to building a strong management team, assessing your business for the future, and tax management considerations when it comes to succession planning.
Whether you are currently working on a succession plan, currently implementing one, or don’t want to use the word (because who plans for the future, right?!) this online series is for you!
Each week on Wednesday evenings from 6:30-8pm EST, a set of trained CCE educators will explore a specific topic and present resources, options and scenarios to help you better apply the concepts to your own farm and situation. The presentations will be recorded and provided to all registrants, along with handouts for each session. It is FREE to join each week. Each registrant will receive the zoom link to join the session, as well as a reminder email the morning of the session.
For additional information and to register, visit: https://cornell.zoom.us/webinar/register/WN_u8Pjj04eTh-l-I2rixQRvg. If you have any questions or concerns, contact Katelyn Walley-Stoll at 716-640-0522 or kaw249@Cornell.edu.
Session 1: Building a Strong Management Team
Wednesday, March 8th, 2023 6:30pm – 8pm
- Identification of team member roles – accountant, financial planner, attorney (who needs to be at the table) & how to evaluate to fit goals and personalities
- How to choose a moderator that’s right for you
- Setting smart goals and delegating action steps for accountability
- When and Where to hold meetings, inc concrete dates, times, location, etc…
- How to have uncomfortable conversations
- How do you make those decisions- off farm heirs?
Presenters: Maryellen Baldwin, Judy Wright, and Laura Biasillo
- Session 1 Recording
- Session 1 Presentation Slides
- Additional Resources:
- Feedback Survey
Session 2: Assessing Your Business
- Clarifying the role of business and personal assets/liabilities
- Understanding farm assessment processes and justifying viable transfers
- Identifying business challenges, both current and the future
- Organizational structures for business transfers
Wednesday, March 15th, 2023 6:30pm – 8pm
Presenters: Nicole Tommell and Lynn Bliven
- Session 2 Recording
- Presentation Slides
- Additional Resources
- Feedback Survey
Session 3: Tax Management in Succession Planning
- How planning sooner rather than later will give you more options
- Reviewing state and federal tax liabilities for business size
- Goals and timelines for farm transfers and working with a financial planner
- Importance of a living will, power of attorney, and life insurance
Wednesday, March 22nd, 2023 6:30pm – 8pm
Presenters: Steve Hadcock and Katelyn Walley-Stoll
For additional information and to register, visit: If you have any questions or concerns, contact Katelyn Walley-Stoll at 716-640-0522 or kaw249@Cornell.edu.
For additional support or resources, contact the program team member for your region:
Maryellen Baldwin
Farm Business Manager
Cornell Cooperative Extension of Oneida County
315-736-3394 ext. 177
Laura Biasillo
Agricultural Economic Development Specialist
Cornell Cooperative Extension of Broome County
607-584-5007
Lynn Bliven
Ag & Natural Resources Issue Leader
Cornell Cooperative Extension of Allegany County
585-268-7644 ext. 18
Steve Hadcock
Beginning Farmer and Market Development Specialist and Team Leader
CCE Capital Area Agriculture and Horticulture Program
518-380-1497
Nicole Tommell
Farm Business Management Specialist and Team Leader
CCE Central New York Dairy, Livestock, and Field Crops Team
315-867-6001
Katelyn Walley-Stoll
Farm Business Management Specialist and Team Leader
CCE Southwest New York Dairy, Livestock, and Field Crops Program
716-640-0522
Judy Wright
Sr. Agriculture Economic Specialist
Cornell Cooperative Extension of Seneca County
315-539-9251 ext. 109