Retreat Information

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 meganr@umn.edu 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:

Wabasha December 5th & January 9th at the AmericInn *note that the two dates are a month apart, you must attend both dates*

Faribault February 28 & 29 at South Central College

Alexandria March 13 & 14 at Alexandria Technical & Community College

Workshop Information

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;

November 21 – Elko

December 4 – Cologne

December 11 – Pipestone

December 19 – Fergus Falls

January 15 – Roseau

January 16 – Moorhead

January 22 – Blue Earth

January 29 – Preston

February 12 – Floodwood

February 13 – Mora

March 5 – Olivia

March 11 – St. Cloud

A downloadable copy can be found here Farm Transition Flyer Workshops 2020

 

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