Managing for Today and TomorrowWritten by Theresa Rose on February 7, 2019
Van Buren County Extension is sponsoring a five-session course on passing down the farm through business, estate, retirement and succession planning.
The decisions made during business, estate, retirement and succession planning are combined to form a farm transition plan. Planning ensures the farm can continue to the next generation as a productive agricultural business. This course is taught in the tradition of Annie’s Project and incorporates a comfortable and supportive learning environment. Course participants of ag women of all ages and experience levels will be empowered to confidently set goals, nurture effective family or non-family conversations, and define the farm legacy.
Subjects that will be covered are Business planning– personal and farm business finances, describing farm transition goals and strategies; Estate planning– estate planning terms, concepts and tools, assembling necessary information, strategies for transferring assets; Retirement planning–sources of retirement income, planning for a productive and enjoyable time in life; Succession planning–how to have essential conversations, differentiating between fair and equal, strategies for transferring management.
Dates for the classes are March 21, March 28, April 10, April 17, April 24, 2019. Classes are held at the Great Day Café, 606 Main Street, Keosauqua; 6:00 to 9:00 p.m. with a light meal served at 5:30.
Advanced registration is required with a $75 registration fee. Registration deadline is midnight March 14th. For assistance with registration please call 515-294-6429 or call the Van Buren County Extension office at 319-293-3039.