LANCASTER, Mo. — University of Missouri Extension will hold a workshop Aug. 23-24 on how to transfer your farm or business.
A team of MU Extension educators with a variety of backgrounds in succession planning will lead the two-day workshop. A Missouri probate judge and a certified financial planner also lend their expertise to the program.
The workshop is 1-8 p.m. Friday, Aug. 23, and 9 a.m.-4 p.m. Saturday, Aug. 24, at various locations. The interactive program streams electronically. Participants will have the opportunity to ask questions.
Kirksville, Adair County Annex Building.
Bethany, MU Extension Center in Harrison County.
Mount Vernon, MU Southwest Research Center.
Higginsville, MU Extension Center in Lafayette County.
Fulton, MU Extension Center in Callaway County.
This class will help owners of farms and small businesses begin making a plan to transfer their farm or business to the next generation. Topics include setting goals, assessing a farm’s or business’s strengths and weaknesses, the probate process in Missouri, estate planning tools, calculating retirement needs, and more, says Darla Campbell, MU Extension agricultural business specialist.
Preregister by 5 p.m. Monday, Aug. 19. The cost is $120 for one person and $60 for each additional person from the same business or family. One set of materials is provided. Fees cover a handbook with case studies, and forms for planning, developing financial statements and recordkeeping. Meals are served Friday evening and Saturday at noon. A minimum number of participants at each site is necessary to hold the class.
For more information, contact Campbell at 660-457-3469 or firstname.lastname@example.org.
— Linda Geist, University of Missouri Extension
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