JUNCTION CITY - Succession - moving a ranch, farm and agribusiness to the next generation- is the most challenging issue that family businesses face.
Oregon State University's Austin Family Business Program, with corporate partner U.S. Bank, is offering a workshop on Friday, March 5, in Junction City to address family succession issues. The workshop is co-sponsored by OSU's Jackman Foundation.
Geared for ranch, farm and agribusiness owners, successor candidates, spouses and key managers, the session is set for 8 a.m. to noon at the Scandinavian Festival Hall, 195 W. 5th Ave. Cost of the workshop is $75, or $50 for U.S. Bank customers. To register a family team, or for more information, call toll-free, 1-800-859-7609 or 541-737-3326.
The workshop includes a 90-minute tour of the Lochmead Dairy Processing Plant and Lochmead Farm hosted by the Gibson and Straube families, starting at noon
The workshop is focused on giving family business teams an opportunity to learn the basics, share experiences and concerns with other families, and develop an action plan for succession.
During the workshops, business owners will consider issues about leadership, ownership and relationships as related to succession. Participants will learn about effective planning and have a chance to hear from a panel of family business owners who will share succession stories.
Through hands-on learning opportunities and lectures, OSU's Austin Family Business Program works to foster healthy family businesses throughout the region.