Aero Applicators of Sterling, CO
Briggsdale Classic Open Jackpot Show
CCTA's High Plains No Till Conference
CO FFA Association
CO FFA Foundation
Colorado 4H Foundation
Colorado Association of Wheat Growers
Colorado Beef Council
Colorado Corn
Colorado Farm Show
Colorado Preps Radio
Colorado State Fair
Cowboy Bible Church of Brush, CO
High Plains Livestock Exchange, LLC.
iHigh.com
National Western Stock Show
Pletcher Enterprises LLC
Silver Spur Trailers, a division of FARMCO, Incorporated
The Fence Post11-29-12 *WSGA News* Workshop offers succession planning advice…Dec 10th in Casper, WY
Posted by Brian Allmer on November 29, 2012
CASPER – “Making a Plan: Planning for a Profitable Estate Transition” is a workshop designed to help current and future agriculture producers, as well as professionals, understand the need for succession planning, while providing the latest tools to start the process. The 2012 workshop is Dec. 10 in Casper at the Parkway Plaza and is open to agriculture producers and professionals of all ages.
The workshop theme this year is “Planning for a Profitable Estate Transition” and will feature Dave Pratt of Ranching For Profit (www.ranchmanagement.com). Pratt is highly respected for his consultant work making ranches more profitable. He hosts workshops throughout the United States and Canada.
The extreme need for succession planning is highlighted in a report from the Small Business Review. During the next 20 years, close to 80 million baby boomers will retire and a staggering $10 trillion will be transferred from the World War II generation to the boomers. This would be the largest intergenerational transfer of wealth in history. In addition, the majority of this wealth is held by the U.S.’s 12 million privately-owned businesses and experts predict more than 70 percent of these businesses will change hands in the next two decades.
The workshop is hosted by the Wyoming Department of Agriculture and the Wyoming Stock Growers Association. Farm Credit Services of America is sponsoring Dave Pratt’s participation.
Attendance is open to all agriculture producers and professionals. The pre-registration deadline is Dec. 3 and registration is also available at the door. The workshop fee is $30. For more information or to register, visit www.wysga.org or call 307.638.3942.
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About the Wyoming Stock Growers Association
Since 1872, the Wyoming Stock Growers Association has served the livestock business and families of Wyoming by protecting their economic, legislative, regulatory, judicial, environmental, custom and cultural interests. We promote the role of the cattle industry in resource stewardship, animal care and the production of high-quality, safe and nutritious beef. Learn more at www.wysga.org or call 307-638-3942.
About the Wyoming Department of Agriculture
The Wyoming Department of Agriculture is dedicated to the promotion and enhancement of Wyoming’s agriculture, natural resources and contribution to Wyoming quality of life. The WDA assists the citizens of Wyoming to live healthy lives, promote and preserve our agricultural community, be responsible stewards of our natural resources, and achieve integrity in the marketplace. The WDA consists of six divisions including Administrative Services, Analytical Services, Consumer Health Services, Natural Resources and Policy, Technical Services and the Wyoming State Fair. More information about the WDA can be found at http://agriculture.wy.gov.
Submitted by:
Liz Lauck
Communication & Publications Director
Wyoming Stock Growers Association
307-331-2789 cell | 307-638-3942 ph | 307-634-1210 fx
PO Box 206 | Cheyenne, WY 82003
liz@wysga.org | www.wysga.org | www.realranchers.com
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WSGA: Shaping and Living the Code of the West Since 1872
Joanie Mann said
Succession planning (note the word “planning”) requires thinking ahead and determining what the future of your business will be when you’re not there any more. For every small business owner, it is a balancing act between meeting today’s needs and reaching tomorrow’s goals. The “Exit Strategy” is the essential plan for recouping the capital (money, time, effort) that has been invested in a company, whether that “recouping” happens earlier or later. Succession planning is exit strategy planning.
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