MANKATO – Friday, March 2 & Saturday March 3rd, 2018
St. CLOUD – Friday, March 9 & Saturday March 10, 2018
You are invited to attend a workshop on business succession and estate planning for farm owners, families and beginning farmers. This workshop is planned and provided by the Minnesota State Colleges and Universities Farm Business Management Education Program. The program will be offered on two separate weekends at two different locations. Following the workshop, farm families will have an opportunity to schedule two follow up sessions with a farm business management educator. If you have questions regarding the workshop you are welcome to contact Jim Molenaar at 320-894-9124 or at firstname.lastname@example.org.
The workshop is about farm business succession and family estate planning. It is intended to be useful for established farm owners, for their successors, and for beginners. Topics include: the stages of succession planning, contribution and compensation, balancing the interests of on-farm and off-farm heirs; the importance of communication, setting goals, analyzing cash flow, and balancing intergenerational expectations and needs; beginning farmer loan and tax credit programs; the use of trusts, wills, life estate deeds and business entities (such as the limited liability company) in family estate and business succession planning; buy-sell agreements, asset protection, taxation and essential estate documents. An emphasis area of this workshop is not only how to transfer the “financial business” but how to transfer the “management and responsibility” of the farm business. The workshop is designed to provide time for hands on planning and discussion for the farm family. Workshop participants will have an opportunity to schedule two follow up individual farm appointments with a farm business management educator with experience in farm succession planning.
PROGRAM OUTLINE: (Choose one location)
Either March 2 & 3 at Mankato or March 9 & 10 at St. Cloud
Friday evening (includes dinner)
3:45 p.m. Registration & Refreshments
4:00 p.m. Program
8:30 p.m. Adjourn for evening
Saturday morning (continental breakfast)
8:00 a.m. Program resumes
12:00 noon (lunch provided)
3:30 p.m. Adjourn
Dave Goeller is the former (semi-retired) Deputy Director of the North Central Risk Management Education Center located at the University of Nebraska. The RME Center administers USDA grant funding for the twelve state North Central Region, providing funding for Risk Management Educational training and needs assessment. In addition, Dave has served as extension “Farm Transition Specialist” for the Department of Agricultural Economics for many years. His educational emphasis has been on Beginning Farmer and Family Business Transition and Estate Planning as well as Farm Financial Management.
The author of numerous articles and publications, Goeller has provided training and presented at various seminars and conferences in more than 30 States in the U.S. and 2 Canadian Provinces. As a practicing farmer, he’s able to address issues from both an academic as well as a practical perspective. Dave and his high-school sweet heart, Cindy, are involved in their family farming operation with Dave’s brother, father and mother in Northeast Nebraska, where they raise corn, soybeans and kids.
To register please visit Farm Transition Workshop.