Over 100 NY Farmers, family members, employees and agribusiness providers met in Syracuse February 2 and 3 to learn about the steps needed to successfully transfer a family farm business to the next generation of farmers.
Featured speaker, John Baker, Esq. is an Attorney-at-law and administrator at the Beginning Farmer Center, Iowa State University Extension and Outreach. He holds a Master of Business Administration and a Juris Doctorate degree from Drake University. In addition, Baker is founder and chair of the International Farm Transition Network, an organization that supports programs that foster the next generation of farmers and ranchers.
“Farmers need to develop a vision, communicate that vision to family and key employees, and have an understanding of available legal and financial strategies to successfully transfer the farm to the next generation,” said Ed Staehr, executive director of NY FarmNet and a senior extension associate with the Dyson School at Cornell University.
This year’s Farm Transfer Conference, focused on providing farm families with the tools necessary to begin developing a farm business succession plan with their advisors. The conference was held on February 2nd-3rd at the DoubleTree Hotel in East Syracuse. This conference provided farm families and their advisors critical information on the farm transfer process and identified effective legal and financial strategies that will make a transfer more successful.
NY FarmNet provides free and confidential consulting to develop skills to improve financial and production efficiency, and overcome business and family challenges. The program maintains a 24/7 hotline at 1-800-547-3276 for any farmer in New York State to access consulting and referral services. NY FarmNet is an extension and outreach program of the Charles H. Dyson School of Applied Economics and Management at Cornell University.
The New York State Department of Agriculture and Markets, Crop Insurance and Risk Management Program; and Farm Credit East were platinum-level sponsors of this meeting. The Stanley Warren Teaching Endowment provided additional support for this conference.