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Farm transfer seminar

By News Team

Fri, Feb 5th, 2010
Posted in Agriculture

The University of Minnesota Extension has joined with Riverland Community College to present "Farm Transition & Estate Planning: Build Your Exit Strategy." This full-day workshop is filled with practical information and strategies to help farm families begin the process of transferring the farm business to the next generation.

In "Farm Transition & Estate Planning: Build Your Exit Strategy," participants get a greater understanding of transfer strategies, tax issues related to the transfer process, discuss methods for treatment of heirs in the transfer process, as well as how to go about developing a written transfer plan. As part of the workshop, participants will be given time to complete worksheets related to the application of different transfer strategies as well as listing personal, family, and farm business goals. The result is the beginning of a farm business transfer plan.

Estate planning is a crucial part of the transition process as well. The workshop also includes a discussion of wills and trusts, life insurance, power-of-attorney, long-term health care issues, and more. This information will help to complete the transfer plan.

"Farm Transition & Estate Planning: Build Your Exit Strategy" is scheduled for Wednesday, February 3, with registration at 9:00 am. The seminar will be held in Room 108, Fillmore County Office Building, 902 Houston Street NW in Preston. Workshop space is limited so please register through one of the meeting planners: Dan Miller, 507-259-6270, dan@danbmiller.com; Wayne Pike, 507-251-1937, wcpike@myclearwave.net; or Jerry Tesmer, 507-765-3896, tesme001@umn.edu.

Registration will be $10..00/FBM student or $15.00/Non-FBM student for the Farm Transition & Estate Planning Workshop to cover meals and handouts.

2010 Calendar of Educational Events:

•Kohl Farm Management Webinar, County Office Building, Preston, 11:45 am, Feb 8

•Woodland Advisor-Climate Change & MN Woods, County Office Building, Preston, Feb. 11

•Cow/Calf Day, Rochester, Feb. 11

•Forage Day, Heinz Center, Rochester, 10:00 am, Feb. 12

•Private Pesticide Recertification, County Office Building, Preston, 6:00 pm, Feb. 16

•Private Pesticide Recertification, Wilson, 12:30 pm, Feb. 17

•Private Pesticide Recertification, Spring Grove, 12:30 pm, Feb. 18

•Private Pesticide Recertification, Wykoff Community Center, 12:30 pm, Feb. 19

•Winning the Game Crop Marketing, County Office Building, Preston, Feb. 24

•Registration through Dan Miller, 507-259-6270 Cell, dan@danbmiller.com

•Kohl Farm Management Webinar, County Office Building, Preston, 11:45 am, March 1

•Kohl Farm Management Webinar, County Office Building, Preston, 11:45 am, March 15

•Pasture Walk #1, County Office Building, Preston, 1:00 pm, March 20

•Pasture Walk #2, County Office Building, Preston, 1:00 pm, March 27.

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