Succession planning, financing and transferring farmland to be discussed by expert panelists
Stone Ridge, NY- Ulster County Executive Mike Hein is pleased to announce a free “Succession Planning and Farm Transfer Panel Discussion” for farmers and stakeholders in the agricultural community to be held at the Marbletown Community Center at 3564 Main Street in Stone Ridge on Wednesday, March 4th at 8:30 AM.
“We have heard from the farming community about the need for information on succession planning and have therefore planned this program,” said County Executive Hein. “The issues to be discussed include how to transfer a farm to a family member or members, farmland conservation as a transfer option as well as understanding the legal and financial implications of transfers. It is well understood that proper planning can ensure farms stay within families and these expert panelists are expected to address the concerns of Ulster County’s farm families.”
Executive Director of the Rondout Valley Growers Association Deborah DeWan said, “Succession planning is essential for the many family-owned farms in the region. Many growers in our area are looking to the future of their family farm even while they deal with the day to day operations of farming. Succession planning for farmers focuses on the future of the farm, and is an integral part of an estate plan. Transition planning creates a path forward for a family farm business that can help ensure that the family’s wishes are met.”
The panel discussion will be moderated by Jerry Cosgrove, a consultant and attorney. The panelists include: Todd M. Erling, Executive Director, Hudson Valley Agribusiness Development Corporation; Charles Hurd, of the Hurds Family Farm in Modena and the Ulster County Farm Bureau; Dan Welch, Business and Succession Planning Coordinator at NY FarmNet; Ryan Hrobuchak, Credit Representative at Farm Credit East; and Bill Martin, Business Consultant at Farm Credit East.
The panel discussion is co-hosted by the Ulster County Office of Economic Development, the Ulster County Economic Development Alliance, the Rondout Valley Growers Association and Cornell Cooperative Extension of Ulster County with support from the Hudson Valley AgriBusiness Development Corporation.
For more information about this event, call the Ulster County Office of Economic Development at (845) 340-3556 or send an email to oed[at]co.ulster.ny[dot]us.