Farm transition planning workshop set for Wytheville

THE SOUTHWEST VIRGINIA SUN NEWSPAPER AND NEWS WEBSITE

The opportunity for producers, business and landowners to learn and focus on farm transition planning is coming to Wytheville on Tuesday, Feb. 21.

Wytheville will be one of four stops for Dick Wittman of Wittman Consulting, who will also be presenting day long workshops in Culpeper, Augusta and Dinwiddie counties.

Wittman has worked for Farm Credit Administration, successfully managed and transitioned his family’s multi-generation farm/ranch, helped family farm businesses as a consultant for three decades, and authored a guidebook titled Building Effective Farm Management Systems.

This workshop will be of interest for folks who are facing many different scenarios when it comes to transition. Some farms hope to transition ownership and management to next generation successors.

But what if the successors have limited or no capital and want to work on the farm, hoping to assume ownership later. How do you as owners get “out of the way” but “not go away?”

What if your successors don’t want to work on the farm, but they don’t want you to sell their heritage? Come prepared to look at transition strategies that can be adapted to a multitude of scenarios.

The day of registration will start at 8 a.m. with the program kicking off at 9 a.m. and running until 3 p.m.

A morning presentation followed by case study work will take place before your provided lunch followed by breakout group work on case studies and wrap up. The case studies will immerse participants in real-world transition scenarios that will provide take home experience and build confidence in how to move forward.

Registration can be found here: https://tinyurl.com/2023vafarmtransition

If you have any questions please contact Crysti Hopkins 540-967-3422 [email protected] or Rachel Henley 804-598-5640 [email protected].