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Agriculture Succession Planning Workshop
November 18, 2020 @ 9:00 am - 11:00 am
Time to Transition the Farm?
Planning the transfer of your farm, whether to a family member or outside buyer, can seem like an overwhelming task. Now might be the time to get serious about creating a succession plan that works for you! The Basin Business Advisors program can help you get started on the right foot. This workshop is designed to help you explore options and to answer some of your questions.
Succession planning addresses concerns before they become major problems and, if it is a family farm, aims to bridge the gap between generations of farmers. A good succession plan will also assist in a smooth and financially efficient transition considering legalities, taxes and timelines.
We will review:
- preparing your business for sale;
- tax, life insurance, estate tips;
- critical issues; and
- setting goals.