Farm Management Institute 2025
Join the Farm Credit Knowledge Center for the annual Farm Management Institute!
Are you a new or beginning farmer interested in learning more about the ag industry? Join us and speaker Dr. Dave Kohl, Emeritus of Virginia Tech, who will be presenting:
Nuts & Bolts of Business Transition
Join us for the 2025 Farm Management Institutes that will be held in the Farm Credit of the Virginias footprint. Before one ponders about estate planning, asset transfer, or business entity structure, the marathon or journey of planning for transition of business management must be established. With over $35 trillion dollars of assets ready to be passed to the next generation by businesses and households by the year 2035, both estate and management transition planning must be high priorities.
What will be shared?
Transition planning is one of the top three issues facing agricultural businesses and it is often the Achilles’ Heel of successful businesses. In this program, Dr. Kohl will discuss the process of transition planning including:
- The “starting five” questions to jumpstart transition planning.
- Pitfalls and issues to manage around.
- The financial liquidity crisis which leads to impromptu transition planning.
- Sweet sixteen strategies, actions, and tactics that are critical for success.
- Selecting a transition planning team.
- A scorecard to follow in the transition planning journey.
Farm Management Institute will be offered in two locations:
West Virginia
- Monday, February 24, 2025
- 5:30 to 8 p.m., dinner will be served at 5:30 p.m., program begins at 6 p.m.
- Mountain View at Miller Farms, LLC
- Fisher, WV
Register for West Virginia FMI
Virginia
- Tuesday, February 25, 2025
- 5:30 to 8 p.m., dinner will be served at 5:30 p.m., program begins at 6 p.m.
- Alphin-Stuart Livestock Arena
- Blacksburg, VA