LENA – Creating a transition plan to make sure a farm continues as a productive, agricultural business can be challenging.
Farm women can have a key role in successful farm transitions. Managing for Today and Tomorrow, a new Annie’s Project course for women, is divided into the following planning areas:
Succession Planning: Transferring knowledge, skills, labor, management, control, and ownership between generations.
Business Planning: Developing goals, strategies, and actions that form a road map to business growth.
Estate Planning: Managing an individual’s asset base in one’s lifetime, at death or after death.
Retirement Planning: Designing an enjoyable and productive time in life.
Local professionals and University of Illinois Extension staff will teach sessions on business, estate, retirement and succession planning. Besides brief presentations, there will be discussions based on participant questions and follow-up activities for family members to complete at home.
Annie’s Project: Managing for Today and Tomorrow will be at the Lena Community Center, 497 Lions Drive. The program will cover six sessions on Jan. 15, 17, 22, 24, 29, and 31.
Advanced registration is required; the cost is $75. To register, go to web.extension.illinois.edu/jsw or call the extension at 815- 235-4125 or 815-858-2273.