Does this sound familiar?
You or another partner in your dairy ownership wants to retire someday in the near future. Your 30-something children who have been working all their lives for your family business are eager for their own stake in ownership or an idea of how they can get one. Or maybe, you have been working your entire life in your family’s dairy business and now that you need to secure your future ownership, you aren’t sure you can afford to buy in or buy out. Maybe you’ve been told by the current generation of owners that “this will be yours to run someday” but no one is talking to you about when or how that might happen. These are just a few of the common scenarios that someone in your family dairy business might be thinking about at this very moment. All of these situations, and more, can be addressed successfully if you commit to coming up with a plan to own your future. To start tackling the process of succession planning and ownership transition for all ages, join the Professional Dairy Managers of Pennsylvania (PDMP) and the Center for Dairy Excellence for our Fall Forum. The event will be held on Thursday, Nov. 10 at 9:30 a.m. and include lunch and an afternoon tour of Vista Grande Farm.
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