Free Succession Planning Workshop Available In Savannah Later This Month

The University of Missouri Extension is hosting a series of workshops this summer to help family farming businesses plan for their future and the transitioning of their farms to the next generation.

Wesley Tucker, agricultural business field specialist with University of Missouri Extension and a team of Extension personnel will hold the series of two-hour long workshops across the state to help families with the succession planning process and initiate communication.

Unlike estate plans that start into motion after an event, typically a funeral, succession plans should not depend on an event. Succession planning’s focus on handing off business operations also makes it different from estate planning, which involves instructing how to give your land and equipment to your kids.

the MU Extension “Preparing for Farm Succession Planning” workshop series will show farmers the path from where their businesses are today to where they want their businesses to be in the future when they’re gone. At each step in the process, the successor gains experience in management and has greater responsibility to make decisions, he says.

During this process, the role of parent transitions from one of chief decision-maker to chief mentor and supporter.

The workshop in Savannah is scheduled for Friday, July 29 from 9 until 11 A.M.

Register at muext.us/ABPevents

July 25 – Bolivar, 6:30-8:30 p.m.
July 26 – Owensville, 6-8 p.m.
July 28 – Concordia, 9-11 a.m.
July 29 – Savannah, 9-11 a.m.
Aug. 2 – Mountain Grove, 6-8 p.m.
Aug. 8 – Macon, noon-2 p.m.
Aug. 10 – Online, 11 a.m. -1 p.m.

Tucker is a University of Missouri Extension ag business specialist and succession planner. He can be reached at [email protected] or 417-326-4916.