Completed Project Report


Farm Succession Planning for Washington and Oregon

  • Award Amount: $32,488
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2006 Competitive Grant Program
  • Project Director:
  • Email: robertsd@wsu.edu
  • Organization: Washington State University Extension

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Project Overview

Farm Succession Planning with Personal Coaching for Participating Families

Washington and Oregon Extension faculty conducted a farm succession planning project based on needs assessment of farm families. From November 2006 through January 2008 we held 3 workshops at each of 6 locations. Participation greatly exceeded expectations - we reached 282 farm families!

Workshop topics included;
• developing farm succession plans,
• communicating successfully with family members,
• identifying appropriate professional input,
• reviewing estate laws,
• writing wills,
• conducting successful family meetings,
• overcoming difficulties,
• optimizing attorney time,
• specifying inheritance of treasured personal items,
• protecting the business in the event of sudden death,
• getting motivated!
.

We recognized that farm succession planning is challenging. The 85 families who committed to developing a succession plan received free coaching from WSU-trained coaches who had experience in business and/or banking. The coaches contacted the client families regularly with encouragement. If requested, they met in person to assist families with goal-setting or to facilitate meetings.

Number of Participants: 378

Outcomes

Project Steps

PROMOTIONAL MATERIALS

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EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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