Saratoga County Farm Asset Protection Strategies: Safeguarding Agricultural Legacies for Future Generations
Event Details
Date
November 21, 2023
Time
10:00am - 2:30pm
Location
CCE Saratoga
50 W High St
Ballston Spa, NY 12020
Host
CCE Saratoga
Steve Hadcock
518-380-1497
email Steve Hadcock
Event Registration
Tuesday, November 21th from 10am to 2:30pm at CCE Saratoga, 50 W High St, Ballston Spa, NY 12020
Nicole Tommell and Steve Hadcock will host a workshop with CCE Saratoga 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.
Morning refreshments and lunch are provided.
Registration is $10. Register here
For more information about the workshop content, contact Steve Hadcock at seh11@cornell.edu or 518-380-1497.
Agenda
10:00 am - Welcome/ Introductions
10:15 am -Farm Management Records/ Reports
- Farm Financial Worksheet
- Case study
- Center for Farm Financial Score Sheet
- Participants will work individually on the case example and then discuss either in small groups or whole group discussions.
- Budgeting/ Cashflow /enterprise budgeting/Projections
11:00 am - Onboarding and Retention of Employees
- Onboarding Employees - basic requirements of documentation, safety videos - NYCAHM, Sexual harassment, job descriptions
- Risk 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 Study
- Strengths/ Weaknesses (SWOT Analysis for the example business)
- Open Round Table Discussion on the SWOT
1:15 pm - Succession/Transition Planning
2:00 pm - Local Topics (30 minutes) round table discussion from producers
2:30 pm - Wrap up/ adjourn
Apples
Apricots
Asparagus
Beets
Blueberries
Broccoli
Brussels Sprouts
Cabbage
Carrots
Cauliflower
Cherries
Cucumbers
Dry Beans
Eggplant
Ethnic Vegetables
Garlic
Grapes
Horseradish
Kohlrabi
Leeks
Lettuce / Leafy Greens
Melons
Nectarines
Onions
Parsnips
Peaches
Pears
Peas
Peppers
Plums
Potatoes
Pumpkins / Gourds
Radishes
Raspberries / Blackberries
Rhubarb
Rutabaga
Snap Beans
Squash - Summer
Squash- Winter
Strawberries
Sweet Corn
Sweet Potatoes
Tomatoes
Turnips
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