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Seminar decodes farm succession, estate planning


Michigan Farm Bureau (MFB) will host Take Root, a statewide farm succession and estate planning conference, Feb. 11 at the Lansing Center, 333 E Michigan Ave. in Lansing.

Attendees at MFB’s Connect to the Future Forum last summer identified estate and succession planning as a top-five, hot-button issue most likely to keep farmers up at night. The Take Root Conference is aimed at helping remedy the concerns of countless farm families statewide as they look toward transitioning their operation from one generation to the next.

Targeted workshops will address specific facets of farm succession in detail, helping producers develop a comprehensive, managed approach for their farms’ transition. Breakout session topics include:

• Estate Planning 101

• Farm Estate Planning Tax Considerations

• Financing Options for Long-Term Care

• Financing your Estate Plan

• Succession Planning 101

• Succession Planning for the Farm

• Limited Liability Companies (LLC) for the Farm Business

• Transferring Corporate Interest and Other Assets

• Succession Planning Opportunities for Farm Real Estate

• A Moderated Farmer Panel featuring Q&A with Seasoned Farmers

Last winter, district-level seminars treating some of these topics attracted hundreds of Farm Bureau members. In light of that demand, this statewide conference was planned to tackle even more issues in even more detail. Even those who attended last winter’s seminars will leave with strategies to grow their business and secure farm assets for future generations.

Iowa farmer and family business consultant Jolene Brown will present the keynote presentation, “Stop the Fighting on the Way to the Funeral Home.”

Online registration is open through Jan. 31.

Those attending MFB’s Lansing Legislative Seminar receive $20 off Take Root registration. Discounted rooms are available at the Lansing Radisson for those staying overnight.

Contact Amanda Beard, 517-679-5349, for more information.