Farm Transition retreats 2019 - AgCentric

Farm Management
December 17, 2018

The Minnesota State Centers of Excellence are proud to partner with Minnesota Farm Business Management, Minnesota Agricultural Educators leadership Council, Minnesota Dairy Initiative and the Minnesota Department of Agriculture to present retreats on Farm Transition.

Estate planning brochure

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 Jim Molenaar at jmolenaar6@gmail.com or at 320-894-9124. To register for retreat please visit our registration page at Farm Business Succession & Estate planning

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. 2019 Farm Transfer and Estate Workshop Site List

Willmar – Friday February 22- Saturday February 23 – Ridgewater College, Building C, Door #36

Rochester- Friday March 8 – Saturday March 9 – Rochester Comm & Tech College, Heintz Center Campus, East Parking lot, Door H08 or H10

Crookston – Friday March 22 – Saturday March 23 – University of Minnesota, Bede Ballroom

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 and SCORE mentoring. To register for these workshops please go to extension.edu/farm-transition . One day workshops will be held from 9:30 am to 3:30 pm on the following dates and locations:

Lamberton – Tuesday January 15 – UMN Southwest Research & Outreach Center

Madison – Wednesday January 16 – County Courthouse Multipurpose room

Goodhue – Tuesday January 22 – AgPartners 101 Broadway Ave, Goodhue

Austin – Tuesday January 29 – West Building,Riverland Comm College

Winthrop – Tuesday February 5 – Hahn’s Fining & Lounge

Hinckley – Tuesday February 19 – Cassidy’s Restaurant

Floodwood – Wednesday February 20 – City Hall Meeting Room

Fairbault – Thursday March 7 – South Central College, Room A105 Fairbault Campus

St. Cloud – Tuesday March 12 – St. Cloud Tech College, Door 4

Alexandria – Wednesday March 13 – Alexandria Tech College, Room 209/211

Thief River Falls – Tuesday March 26 – Northland Comm & Tech College, Room 203 (West Entrance)

Detroit Lakes – Tuesday March 27 – Minnesota State Comm & Tech College, Room C103

Beginning Farmer Resources

Kate Wallace
Posted in farm management