Getting Started on a Farm or Ranch Transition Plan

Please join us for our October Women in Ag webinar on farm succession planning. Our presenter will be Joy Kirkpatrick, Outreach Specialist for the University of Wisconsin’s Center for Dairy Profitability. Kirkpatrick received both her BS and MS degrees from Southern Illinois University – Carbondale.

This webinar will provide an overview of the components of a farm succession or transition plan. The webinar will be helpful to those who are considering transferring the business, which includes management decisions as well as the labor and assets and for those who may be considering their estate plans. Knowing the components of succession planning, how to get started, and clarifying your goals are can help you when you meet with your attorney and tax specialist. The webinar will also provide a “blueprint” to break down the process into manageable steps. This blueprint starts with gathering information on “Where are you now”, considering “Where do you want to be” and finally the action plan, “How do you get there”.

Joy provides educational programs and information to farm businesses on farm succession planning. In 2005 Kirkpatrick launched the Wisconsin farm succession program, Returning to the Farm, which is an educational program for juniors & seniors in college and their families.

In 2013, Joy collaborated with John Baker, Iowa State University Extension, Dave Goeller, University of Nebraska, Lincoln, Micheal Thompson, Executive Director, Iowa Mediation and Kiley Mars, OutSightIn to develop the Certified Farm Business Succession Coordinator training course. The course has been offered in Pennsylvania, Colorado, North Dakota and Wisconsin.

Joy has written articles focusing on retirement planning for farmers and taught seminars throughout the U.S. on farm succession and farm succession facilitation.

 Joy grew up on a diversified farm in southern Illinois, where the main enterprise was pasture-based farrow to finish hogs. She is the youngest of seven and now considers her parents excellent personnel managers – having seven children spread over 20 years provided ample farm labor throughout their farming careers.

Created by Lisa Scarbrough