Who will succeed you in your business? Many families struggle with making succession plans. “Families say they don’t know how to start talking about farm succession. We ask them, ‘What do you have now? ‘and ‘Where do you want to go?’ to get started”, says Iowa State University (ISU) Beginning Farmer Center Farm Transition Specialist David Baker.
The first workshop will be held on June 7, 2018 starting at 5:30pm-9:00pm with David Baker and Zachary Chizek, Beginning Farmer Center Administrator and Attorney at Law, presenting Farm Succession in Fort Dodge.
The second workshop will be held on June 21, 2018 starting at 5:30pm-9:00pm with Kelvin Leibold, ISU Extension and Outreach Farm and Agribusiness Specialist, presenting on Estate Planning.
During the first workshop, participants will learn the importance of Farm Business Succession Planning, farm succession structure, beginning farmer tax credits, and working with an attorney. During the second workshop, participants will learn the language of estate planning, setting goals, gift, estate, and inheritance taxes, and implementing your estate plan.
The workshops will be held Thursday, June 7th from 5:30-9:00 p.m. and Thursday, June 21st from 5:30-9:00 p.m. at the Webster County Extension and Outreach office located at 217 South 25th Street, Suite C12 in Fort Dodge.
Registration fee for both workshops is $150 per family of four or $50 per person. Pre-registration is required by June 1, 2018 and can be made by contacting one of the Region 7 County Extension offices – Hamilton County, 515-832-9597, firstname.lastname@example.org; Humboldt County, 515-332-2201, email@example.com; Webster County, 515-576-2119, firstname.lastname@example.org; or Wright County, 515-532-3453, email@example.com.