2012 North American Farmer's Direct Marketing Convention
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Exit Planning - Basic Options to Consider
Program Code:
200
Date:
Thursday, February 16, 2012
Time:
11:15 AM to 12:15 PM
EST
SPEAKER
:
Alex White,
Virginia Tech College of Agriculture and Life Sciences
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Alex was born and raised on a small farm in northeastern Maryland, where he was very active in 4-H. He received his BS in Agricultural Economics from Virginia Tech, focusing on farm management and agricultural financial management. Alex received his MS in Ag Econ from Ohio State, concentrating in farm management. His Ph.D. is from Virginia Tech, where his research centered on retirement planning strategies for agricultural producers and small business owners.
Alex has taught a wide variety of college courses at Ohio State, NC State, and Virginia Tech for the past 15 years. He has also served as an extension agent and an extension specialist (personal financial management) for Virginia Cooperative Extension.
Currently, Alex is an Instructor in the Agricultural and Applied Economics at Virginia Tech. He still remains active with the 4-H program in his home county in Maryland.
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Description
Too often, business owners do not think about “life after business” BEFORE they get out. The earlier you start to plan, the more tools and options you will have at your disposal. This session will discuss the major issues that a business owner should consider well before they exit the business. Topics will include: bringing the next generation into the business – good idea or bad idea; sources of income needed to meet your living needs; potential tax implications; and developing an exit strategy that includes a projected timeline.