Are multiple generations working together in the farm or ranch operation? Is the next generation interested in continuing the operation? A good succession plan incorporates the ideas and values of multiple family members, leading to a firmer future and smoother transition of the farm or ranch.

A one-day succession conference in Hays on March 3rd at the K-State Agricultural Research Center will explore the concerns involved in creating a good succession plan.

The daylong conference begins at 9 a.m. and ends at approximately 4:30 p.m. Meals and snacks are included. More information, including online registration, is available at k-state.edu/kams/succession, or by calling (800) 432-8222. The cost at each location is $60 for the first family member and $40 per person for each additional family member.

Pre-registration is requested by Wednesday, Feb. 25.

Succession planning is much more than an estate plan. It is preparing and leading the next generation to successfully manage the farm in addition to the assets that may be passed down. How does one go about creating a succession plan that incorporates not only the legal and financial obligations, but the leadership, values, communications and goals for the operation?

Experienced professionals from K-State Research and Extension and Kansas Agricultural Mediation Services will guide families through topics essential to succession planning. Information on family dynamics, business entities, power transfer and financial and legal concerns will help attendees prepare for their first and subsequent succession planning meetings.