PRIMGHAR — O’Brien County Economic Development and Iowa State University Extension and Outreach invite farmers and ranchers in N’West Iowa to attend “Farm Succession for You” from 10 a.m. to 3 p.m. on Wednesday January 12 at the Primghar Community Building .
The program is designed to provide hands-on experience and genuine research-based technical expertise to guide farmers and agribusinesses in building their own succession plan.
“We are seeing historic cropland prices, with land being sold to out-of-state and even out-of-country investors,” said Kiana Johnson, executive director of O County economic development. ‘Brien. “While economic growth is a good thing, we want to see our local farmers and their families survive and thrive for generations to come. This program is organized as an opportunity for farmers to learn and start making plans to protect their farm for the next generation, whether it is for a child or grandchild, neighbor or friend.
The program will focus on agricultural transition and estate planning, with the following topics and speakers:
- “Succession: What is your vision? What are your goals?” presented by Gary Wright, Farm Management Specialist at ISU Extension.
- “Ideas for a successful and harmonious agricultural transition”, Presented by Kitt Tovar Jensen, Lawyer at the ISU Center for Agricultural Law and Taxation.
- “Legal review of succession planning”, Presented by Kitt Tovar Jensen, Lawyer at the ISU Center for Agricultural Law and Taxation.
- “Beginning of farmer loan and tax credit programs”, Presented by Steve Ferguson, Agricultural Development and Programs Specialist with the Iowa Finance Authority.
Overall, the program will address the importance of creating a successful, legally binding and secure transition plan.
“As goals, lives and laws change, succession and transition planning is an essential part of a successful farm business,” said Tovar Jensen.
The program registration fee is $ 20 per person or $ 30 per married couple. The fees include a set of resource materials as well as a midday meal and refreshments.
Those planning to participate should register online at https://go.iastate.edu/MLENCF or by phone at 712-957-5045.
The deadline to register and guarantee a meal is Wednesday January 5th.
Questions can be directed to Marsha Rehder, O’Brien County Agricultural Program Coordinator with ISU Extension, at 712-957-5045 or [email protected]