Purdue Extension
Making a Difference in Blackford County


Farmers Plan for the Future

Farm succession planning is a coordinated effort to transfer the farm and business operation from one entity to another. In farm succession planning, farmers must address such common issues as: who is responsible for what in the day-to-day farm operations, who gets what, and who pays what.

Learning skills to improve the farm succession plan of the business and operation increases the likelihood of success for all parties involved.

Purdue Extension-Blackford County, in cooperation with the Purdue Women in Agriculture Team and Purdue Extension-Jay County, offered the “Cultivating Strong Indiana Farm Family Relationships for Today and Tomorrow” program. The program provided farm families with the risk management tools to help them develop strong communication skills and to create an outline for succession planning.

Farmers participated in workshops that addressed family communication issues, contingency planning, and basic financial management. Risk management resources were utilized with the participants and intergenerational relationships were examined.

After completing the two-session program, participants reported an overall improvement in their communication skills and an increase in their understanding of the importance of effective communication related to farm succession.

 
Purdue Extension Delivers
  • Every $1 spent on the Indiana Family Nutrition Program is expected to create $35.75 in economic returns.


  • In a recent survey, 94% of Indiana 4-H participants graduating from high school planned to pursue post-secondary education.


  • In a similar Midwest state, an independent study concluded that every $1 invested in Extension yielded $15 in economic impact.


  • Beginner's Guide to Grant Writing workshop recipients received more than $7 million in grants to support community projects.
 

In addition, 50 percent of the participants indicated that they would create a farm succession plan within the next year. Farm families who decide to further discuss and develop their succession plans will be given the opportunity to work one-on-one with the Purdue Succession Team. The team will help farm families outline a succession plan and team for the farming operation.

 
  
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