How do I communicate the economic realities of farming to my family?
Farm families face many questions when planning for changes in their farm operation. Transition, succession and estate are all names used for these changes.
Iowa State University Extension is sponsoring a workshop to help farmers do succession planning.
John Baker, staff attorney for the Iowa Concern Hotline, will present information on the transfer of assets and management as well as income from the current farm business owner to the next generation at a workshop at the AEA Building, Storm Lake, at 9 a.m. on Jan. 30, 2002.
This two-hour workshop will include discussion of farm business vision, financial analysis, succession and retirement planning.
Baker will be available for private half-hour sessions without charge before and after the seminar to help families get started in their plans or answer specific questions. Appointments with Baker can be made when registering for the seminar.
The registration fee prior to the day of the workshop is $20 per individual and $30 per couple. The fee will increase by $10 for registration the day of the workshop.
The workshop will also be held at several other locations in northwest Iowa. These include Primghar, Le Mars, Arthur, Cylinder and Carroll.
For registration forms and information on these workshops call the Buena Vista County Extension Office at 712-732-5056.