Planning Farm Succession
The registration period has ended.
Planning for the future of your farm isn't just about crops and livestock; it's about ensuring your legacy and protecting the values your farm represents. To help families navigate the complexities of farm succession planning, the Illinois Extension will host a free educational program on March 5th, 10:00 AM – 12:00 PM, featuring insights from experienced Farm Business Management and Marketing Educator, Kevin Brooks.
This interactive workshop will equip farmers and landowners with the essential knowledge and tools needed to make informed decisions about their property's future. Attendees will gain valuable insight on:
· Avoiding common pitfalls: Learn from real-life examples and expert advice to navigate potential roadblocks in the succession process.
· Communicating effectively: Develop strategies for open and honest conversations with family members about the future of the farm.
· Choosing the right trustee or executor: Understand the roles and responsibilities associated with these crucial positions, and make informed decisions based on your unique situation.
· Additional key considerations: Explore financial planning, legal aspects, tax implications, and more, ensuring a comprehensive approach to succession planning.