The Minnesota State Centers of Excellence are proud to partner with Minnesota Farm Business Management, Minnesota Agricultural Educators leadership Council, and the Minnesota Department of Agriculture to present retreats on Farm Transition. Funding for this project was provided by the North Central Extension Risk Management Education Center, the USDA National Institute of Food and Agriculture Award Number 2018-70024-28586
The retreat is about farm business succession and family estate planning. It is intended to be useful for established farm owners and their successors. An emphasis will be on not only how to transfer the ‘financial business’ but how to transfer the ‘management and responsibility’ of the farm. Other
topics covered in this workshop include:
- the stages of succession planning
- contribution and compensation
- balancing the interests of on farm and off farm heirs
- the importance of communication
- goal setting
- analyzing cash flow
- the use of trusts, wills, and life estate deeds
- and more
There will be a series of one day workshops and one and a half day retreats. For more information about either workshops or retreats please contact Megan Roberts at firstname.lastname@example.org or Judy Barka at 320-221-0219. To register for this event please go to Farm Transition.
The one and a half day retreats focus on both transferring the financial business and transferring the management and responsibility of the farm. The retreat is designed to allow time for significant planning discussion within the farm family. It is highly recommended that each member of the family involved in the farm transition attend this retreat. Each retreat will run from 4:00 pm -8:30 pm Friday and 8:00 am – 4:00 pm Saturday. These workshops will be held at the following dates and locations:
2020 Workshops have been completed. Please stay tuned for 2021 dates and locations.
The one day workshop is an introductory workshop and will feature information on farm goal setting, family communication, business structure, mechanics for inheritance and transition. Participants will also learn about the Farm Business Management Program. The dates and locations for these workshops are as follows;
2020 workshops have past. Please stay tuned for 2021 dates and locations.