The Farm Transition Workshop will assist producers in making a plan and sticking to it.
If statistics are any indication, farming is not a field that is attracting the young. According to the USDA 2005-2007 Agricultural Resource Management Survey, the average age for farmers is 57 years old. It's expected that over the next decade half of them will retire. Who will replace them?
"On average, 30% of family farms successfully pass to the second generation, and only 10% pass to a third generation," says Lee Meyer, University of Kentucky ag economist.
The Farm Transitions Workshop, sponsored by UK Cooperative Extension Service, is designed to help farm families make those generational transfers more successful.