$100 – $200

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Wabasha, Faribault, Alexandria

Wabasha AmericInn

150 Commerce Ave

55981

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Interested in learning more about farm business succession and personal estate planning? Do you have questions about how to begin working through this challenging topic? Or, have you already started your plan and want to learn more? An emphasis area of this retreat is not only how to transfer the “financial business” but how to transfer the “management and responsibility” of the farm business. The retreat is designed to provide time for hands on planning and discussion for the farm family. University of Minnesota and the Minnesota State College and University System have partnered to offer hands-on farm transition education. We highly encourage you to bring each member of the family that is involved on the farm. Because having multiple generations at the workshop is so important, our registration fee is just $100.00 per family (up to 5 people) or $200.00 for one individual to attend. Minnesota Dairy Initiative has also partnered with us and will sponsor dairy farm families to attend the retreat of their choice.

Join us on December 5th and again on January 9th in Wabasha at the AmeriaInn. This is a two part seminar so you need to attend both the December 5th and the January 9th 4:30- 9:00 pm time frames.

Or on February 28 & 29th in Faribault at South Central College Campus from 4:30pm -8:30pm on Friday and 8:00am -4:00pm on Saturday.

Or on March 13 & 14th in Alexandria at Alexandria Technical & Community College from 4:30pm - 8:30pm on Friday and 8:00am -4:00pm on Saturday.

Some topics of disscussion will 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)
- buy-sell agreements,
- asset protection
- taxation and essential estate documents.

If you have any questions please contact Megan Roberts at meganr@umn.edu or Judy Barka at 320-221-0219. 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


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Date and Time

Location

Wabasha, Faribault, Alexandria

Wabasha AmericInn

150 Commerce Ave

55981

Refund Policy

Contact the organizer to request a refund.

Eventbrite's fee is nonrefundable.

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