Iowa State University Extension is offering business and farm succession workshops to help business and farm families begin those conversations and start putting transition plans on paper. Gene Mohling, ISU Extension Regional Director, says the Business and Farm Succession Workshops are a result of needs expressed by residents in SE Iowa.
"I hear people express concerns about the future, about whether a spouse will be OK with their goals and about parents or children not knowing what the other plans to do - or when," said Mohling. "As I listen, I hear that the situations involve the whole family - men and women and more than one generation. That is why we are bringing Iowa State University transitioning experts to SE Iowa."
The workshops are planned as a multi-generational event for exiting owners and spouse, and succeeding owners and spouse. The two session workshops will be held on consecutive days to allow for the initiation of conversations and written plans. David Baker and John R. Baker, Beginning Farmer Center Administrator and Attorney at Law, will present the workshops. Workshops are scheduled for Dec. 14-15 at the Washington County Extension Office
Over the two days, participants will review the retirement plan concept and receive information on transfer plans, estate plans and a process for creating a family statement of intention. Family groups will be given time to write a statement of intent and vision of the future. "Families will go home with a blueprint to the future - knowing what they need to do, who they need to talk to, and understanding that the plan may need to be adjusted along the way."
Pre-registration can be made by contacting the Washington County Extension Office at 319-653-4811 or email Nancy Adrian at nadrian@iastate.edu. This program is sponsored in part by Farm Credit Services.
For more information about the workshop contact the hosting county offices. Additional information about the Beginning Farmer Center is available online at www.extension.iastate.edu/bfc/ , by e-mailing bfc@iastate.edu, or calling 877-BFC-1999. The Beginning Farmer Center is backed by 20 years of research and experience helping farmers with transition plans.
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"I hear people express concerns about the future, about whether a spouse will be OK with their goals and about parents or children not knowing what the other plans to do - or when," said Mohling. "As I listen, I hear that the situations involve the whole family - men and women and more than one generation. That is why we are bringing Iowa State University transitioning experts to SE Iowa."
The workshops are planned as a multi-generational event for exiting owners and spouse, and succeeding owners and spouse. The two session workshops will be held on consecutive days to allow for the initiation of conversations and written plans. David Baker and John R. Baker, Beginning Farmer Center Administrator and Attorney at Law, will present the workshops. Workshops are scheduled for Dec. 14-15 at the Washington County Extension Office
Over the two days, participants will review the retirement plan concept and receive information on transfer plans, estate plans and a process for creating a family statement of intention. Family groups will be given time to write a statement of intent and vision of the future. "Families will go home with a blueprint to the future - knowing what they need to do, who they need to talk to, and understanding that the plan may need to be adjusted along the way."
Pre-registration can be made by contacting the Washington County Extension Office at 319-653-4811 or email Nancy Adrian at nadrian@iastate.edu. This program is sponsored in part by Farm Credit Services.
For more information about the workshop contact the hosting county offices. Additional information about the Beginning Farmer Center is available online at www.extension.iastate.edu/bfc/ , by e-mailing bfc@iastate.edu, or calling 877-BFC-1999. The Beginning Farmer Center is backed by 20 years of research and experience helping farmers with transition plans.
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