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So You've Inherited a Farm, Now What?

As Indiana farm families face the issue of transferring the farm business to the next generation of operators, the need for information and resources has become crucially important for the smooth transition of the business. Ultimately, nothing can be scarier to the incumbent generation than to inherit farmland without any plans for the future.  The So You’ve Inherited a Farm, Now What? program will help farm families begin to prepare for transferring land to the next generation and hammer home the importance of communication and family cohesiveness.

The So You’ve Inherited a Farm, Now What? workshop will explore the following:

  • Property options and financial implications.
  • Land management.
  • Legal aspects.
  • Lease considerations.
  • Strategies for dealing with family and communication issues.

The Purdue Extension Land Lease Team invites those who have inherited or might inherit farmland soon to attend “So You’ve Inherited a Farm, Now What?” This two-night virtual workshop will be offered 6:30-8:30 pm. (ET) Jan. 20 and Jan. 27.  The registration fee is $25 per person, household or farm. Register by January 18 at  

Adapted from a University of Nebraska Extension program, the series will discuss best strategies for managing farmland and farm assets. Presenters include Purdue Extension educators and attorney Lindsey Schmitt, Farmer Scott Ozete Robinson & Schmitt LLP, who will discuss legal aspects and decisions to successfully inherit a farm for your family.

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