Kelly Langmaid, Loan Officer from the Newport office, attended a Farm Transfer Planning meeting on December 3, 2009. Also in attendance was Rocki-Lee DeWitt, Yankee Director. The meeting — titled “Batter on Deck, Are You Warming Up?” — was held in the Poulin Grain Conference Room. A discussion was led by Rick Hermonot, dairy consultant for First Pioneer Farm Credit. Rick walked the group through a discussion about transferring the farm from one generation to the next. He first discussed establishing the reason for wanting to transfer and emphasized that the wrong reasons can have significant consequences. He talked about traits of transfers he has seen that have been successful and those that have been failures. He discussed defining where you are now and what steps to take to get to where you want to be, using a list of helpful transfer tools. The meeting and lunch were sponsored by the Vermont Agency of Agriculture.
Wednesday, December 16, 2009
Batter on Deck, Are You Warming Up?
Kelly Langmaid, Loan Officer from the Newport office, attended a Farm Transfer Planning meeting on December 3, 2009. Also in attendance was Rocki-Lee DeWitt, Yankee Director. The meeting — titled “Batter on Deck, Are You Warming Up?” — was held in the Poulin Grain Conference Room. A discussion was led by Rick Hermonot, dairy consultant for First Pioneer Farm Credit. Rick walked the group through a discussion about transferring the farm from one generation to the next. He first discussed establishing the reason for wanting to transfer and emphasized that the wrong reasons can have significant consequences. He talked about traits of transfers he has seen that have been successful and those that have been failures. He discussed defining where you are now and what steps to take to get to where you want to be, using a list of helpful transfer tools. The meeting and lunch were sponsored by the Vermont Agency of Agriculture.
