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PRODID:-//Cornell Cooperative Extension of Essex County//NONSGML Cornell Cooperative Extension of Essex County Events//EN
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DTSTART:20231114T101000
DTEND:20231114T140200
SUMMARY:Farm Asset Protection Strategies: Safeguarding Agricultural Legacies for Future Generations
DTSTAMP:20110121T170000
LAST-MODIFIED:20231013T150307
CREATED:20231013T150304
SEQUENCE:0
TRANSP:TRANSPARENT
UID:26039
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URL:http://essex.cce.cornell.edu/events/2023/11/14/farm-asset-protection-strategies-safeguarding-agricultural-legacies-for-future-generations
DESCRIPTION:Nicole Tommell and Steve Hadcock will host a workshop with CCE Essex on various farm asset protection strategies. Nicole is a Farm Management Specialist with the Central New York
 Dairy, Livestock, and Field Crops Team. Steve Hadcock is a Beginning Farmer
 specialist with the Capital Area Agricultural and Horticultural Program. Nicole
 and Steve have many years of experience working with farm families on farm
 management and estate planning topics.Topics included are:How can I use my current records to gauge how
 well my business is doing? Various suggestions will assist you in looking at
 your records differently.What can I do to retain employees? Ideas will be
 shared on how to get new employees off to a good start. Also, ideas on how to
 help retain employees as well.Am I ready to consider diversifying my business?
 Thoughts on how to approach evaluating the diversification of your farm
 business will be shared.When and how do I start the succession process?
 It is never too early to begin discussing farm succession/transfer. Topics will
 be covered to help you feel confident to begin the process for your business. Shared
 topics may help you with your process if you have already started.Each participant will receive written materials and a flash
 drive containing various resources. The workshop will be held on Tuesday November 14th at the Whallonsburg Grange Hall from 10-2:30. Locally sourced morning refreshments and lunch are provided.Please register here by Nov 7th: Register HereFor more information about the workshop
 content, contact Steve Hadcock at seh11@cornell.edu or 518-380-1497.Agenda10:00 am – Welcome/ Introductions 10:15 am –Farm Management Records/ ReportsFarm Financial WorksheetCase studyCenter for Farm Financial
 Score SheetParticipants will work individually on the case
 example and then discuss either in small groups or whole group discussions.Budgeting/ Cashflow /enterprise
 budgeting/Projections11:00 am – Onboarding and Retention of Employees Onboarding Employees – basic requirements of
 documentation, safety videos – NYCAHM, Sexual harassment, job descriptionsRisk and how to avoid it.11:45 am – Lunch / Networking 12:30 pm – Diversification Opportunities (Tools to Evaluate
 a proposed business opportunity)Partial Budgeting Case StudyStrengths/ Weaknesses (SWOT Analysis for the
 example business)Open
 Round Table Discussion on the SWOT1:15 pm – Succession/Transition Planning2:00 pm – Local Topics (30 minutes) round table discussion
 from producers2:30 pm – Wrap up/ adjourn
CLASS:PUBLIC
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STATUS:CONFIRMED
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