The Beginning Farmer and Rancher Network’s Farm Succession Series continues in March with a workshop locally offered in Geneva at the Fillmore County Fairgrounds from 10:00 a.m. – 3:00 p.m., March 2nd. The free workshop will cover business succession and estate planning for farm and ranch owners, families and beginning farmers and ranchers.
Topics will include:
- Stages of succession planning, contribution & compensation, balancing the interests of on-farm and off-farm heirs;
- Importance of communication, setting goals, analyzing cash flow, and balancing intergenerational expectations and needs;
- Beginning farmer loan and tax credit programs;
- Use of trusts, wills, life estate deeds and business entities (such as the limited liability company) in family estate and business succession planning;
Lunch will be provided. To register (and for questions) call the Rural Response Hotline at 1-800-464-0258 or the Fillmore Extension Office in Geneva at 402-759-3712.
The program presenters are Dave Goeller, Deputy Director, Northeast Center for Risk Management Education, UNL & Joe Hawbaker, Agricultural Law attorney, with Hawbaker Law Office, Omaha.
This workshop is made possible by the Nebraska Network for Beginning Farmers & Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, National Institute of Food and Agriculture, the Nebraska Department of Agriculture’s Next Gen, Nebraska Farmers Union Foundation, University of Nebraska Extension Office Fillmore County.