Farm transition and estate planning workshop planned
News | Published on January 28, 2025 at 5:03pm GMT+0000 | Author: Tucker Henderson
0Are you starting to think about planning for a management transition of your farm? Or maybe you are working with a next generation or new operator on farm succession already. Need a path forward to help you think about the options?
University of Minnesota Extension will provide full-day workshops and two-day multi-generational retreats across Minnesota on farm transition and estate planning.
These full-day workshops and two-day multi-generational retreats are all free and include meals.
The workshops and retreats cover farm goal setting; business structures; farm operation and management succession ideas; as well as estate planning and retirement; family communicating; and additional farm transition educational resources.
Estate planning is a crucial part of the transition process, as well. The workshop also includes a discussion of wills and trusts, life insurance, power-of-attorney, long-term health care issues, and more.
“There are many things to think of and plan for in estate planning, farm succession and farm transfer,” said Susanne Hinrichs, Extension educator. “These workshops and retreats are filled with practical information and strategies to help farm families begin the process of transferring the farm business to the next generation or a new operator. Farmers and ranchers at any stage, from beginner to mid-career, to entering retirement can benefit from the workshop materials.”
To learn more and to register for the workshops or retreats please visit www.z.umn.edu/farmtransition.”
Full-day workshops and multi-generational retreats are scheduled on the following dates:
Friday and Saturday, Feb. 21-22, Multi-generational Retreat, Mankato
Friday and Saturday, March 7-8, Multi-generational Retreat St. Cloud
Monday, March 10, Farm Transition and Estate Planning Workshop, Austin
Thursday, March 20, Farm Transition and Estate Planning Workshop, Hawley
Friday and Saturday, March 21-22, Multi-Generational Retreat, Rochester