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Passing on the family farm, a workshop

September 13, 2018
Dick Wittman
Rural families very often plan to pass their business on to the next generation. However, only one third of all family businesses successfully transition management to the next generation, 70 percent do not survive to the second and fully 90 percent do not survive to the third generation, according to RightRiskNews.

A special workshop led by a national speaker focuses on this topic from 9 a.m. to 3:30 p.m. Thursday, September 20, at the new North Idaho University of Idaho Sandpoint Center for Organic Studies, 10881 Boyer Avenue, Sandpoint.

"Crucial Conversations & Strategies for Executing a Succession Planning Process: A Workshop for Farmwomen & their Families" is an all-day workshop focuses on farm family business succession planning.

Using a case study approach, Dick Wittman will address areas where crucial conversations need to take place and establish a framework for how to start and finish a transition planning process. Our speaker manages a large-scale dryland crop, range cattle and timber operation in North Idaho in partnership with his extended family.

Dick Wittman is the author of "Building Effective Farm Management Systems," a guidebook that helps commercial-size family farm businesses define their vision and establish a professional management and transition process that will lead them to that goal. For more information on Dick Wittman, see http://wittmanconsulting.com.

Space is limited, so sign up early! This workshop is made possible with funds provided by Western Extension Risk Management Education, USDA National Institute for Food and Agriculture (NIFA), and the Idaho Barley Commission. Call (208) 267-3235 to sign up. You can also register online.

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