LOMIRA, Wis. — Farmers make decisions every day to improve their farm business and provide their family with a home and lifestyle. Have you planned for your family and the farm’s long- term sustainability?
Farm succession from one generation to the next can be overwhelming for families when added to the daily decisions necessary to run the farm. If a farmer is lucky, succession will be something experienced just twice in a lifetime: once when first taking over the business and again when passing it on to the next generation.
Farm succession requires early planning and good communication. UW-Extension Fond du Lac, Dodge, Washington and Ozaukee Counties will be hosting a three-part series “Cultivating Your Farm Business’s Future” at the Golf Club at Camelot, Hwy 67, Lomira, focusing on some of the most important considerations as farm families plan for the future.
One-day meeting:
- Farm Business Succession: Thursday, January 11, 2018: focuses on the details for farm business transition retirement topics—whether you have a successor or not, this planning is important for your later years.
One-half day meetings: - Estate Planning: Thursday, February 8, 2018: delivers important topics as you consider your estate plan.
- Retirement Planning: Thursday, February 15, 2018: focuses on how retirement planning can be impacted by farm succession.
Whether you are planning to transfer a viable business to a next generation, planning for your own retirement or providing a plan for your heirs, this three—part series offers something for every farm business and farm family.
Registration fee for the one-day Farm Business Succession meeting is $30 per person or $50 per couple. Both the Estate Planning and Retirement Planning meetings are $20 per person, or $35 per couple. Registration for each individual sessions are due one week prior to the workshop. Registration fee includes meals, speaker fees, and a resource guide for each individual. This program is based upon work supported by USDA/NIFA under Award Number 2015-48200-24226.
For more information, or to register, for the Cultivating Your Farm Business’s Future-Farm Succession, Retirement & Estate Planning Series please visit http://fyi.uwex.edu/dairy to view a copy of the flier. Questions can also be directed to UW-Extension Fond du Lac County Dairy & Livestock Agent Tina Kohlman at 920.929.3180; Dodge County Agriculture Educator Amanda Young at 920.385.3790; or Washington/Ozaukee County Agriculture Educator Steph Plaster at 262.335.4482.
— UW-Extension
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