A Comprehensive Approach to Farm Business Succession Planning
This workshop provides an overview of the farm transition process for farm family members interested in learning more about the efficient transfer of farm operations between generations. Workshop support provided by The Southern Center for Risk Management Education and The Golden LEAF Foundation.
WORKSHOP SERIES:
A Comprehensive Approach to Farm Business Succession Planning
The North Carolina Farm Transition Network, Inc. in cooperation with North Carolina State University Cooperative Extension and Virginia Tech conducts workshops for farm families and their advisors on farm business succession planning. These workshops will provide an overview of the farm transition process for farm family members interested in learning more about the efficient transfer of farm operations between generations. The workshops also help aspiring and beginning farmers interested in understanding the issues related to partnering with an established operator. Farm business professional advisors (financial advisors, extension agents, district conservationists) are encouraged to attend to learn more about issues affecting their clients.
TYPICAL AGENDA
|
9:00 |
Registration and Coffee |
|
9:30 |
Welcome and Introduction - Farm Succession Planning and Risk Management |
|
10:00 |
Initiating the Process - Family Communication, Retirement, Disability and Estate Planning |
| 11:00 | Evaluating the Financial Situation - How many will it support? |
|
Noon |
Lunch |
|
1:00 |
Farm Transition Stages - Sharing Income and Transferring Assets and Management |
|
2:00 |
The Business Structure - Which One to Choose and When |
|
3:00 |
Tying it Together: Farmer Panel Discussion |
|
3:30 |
Adjourn |
WORKSHOP INSTRUCTORS:
Andrew Branan serves as Executive Director of NCFTN and works directly with farm families on developing the farm succession planning process. He earned his B.A.s in Management Economics and History from Hampden-Sydney College in Virginia (where he was elected to Phi Beta Kappa), and his J.D. from Wake Forest University School of Law. His law practice experience includes estate planning, business formation and land use issues, and is a member of the bars of North Carolina and Virginia. Recent publications include Zoning Limitations and Opportunities for Farm Enterprise Diversification: Searching for New Meaning in Old Definitions for the National Agricultural Law Center. He has given numerous presentations on farm succession planning and farmland protection issues across North Carolina.
Ted Feitshans, Extension Specialist, North Carolina State University, received his B.S. in Animal Science from Cornell University, and his M.S. in Agricultural and Applied Economics from the University of Minnesota, and his J.D. from the University of Georgetown Law Center. He teaches classes in agriculture law and environmental law in the undergraduate program of the Department of Argricultural and Resource Economics at North Carolina State University, where he serves in the dual role of lecturer and Extension Specialist for North Carolina Cooperative Extension. He is admitted to practice in North Carolina and New York.
Jesse J. Richardson, Jr. is an Associate Professor in Urban Affairs and Planning at Virginia Tech, and an attorney. Prior to joining Virginia Tech in 1998, Richardson was engaged in the private practice of law. He received his B.S. and M.S. in Agricultural and Applied Economics from Virginia Tech and holds a J.D. from the University of Virginia School of Law. Richardson was honored with the 1999 Professional Scholarship Award from the American Agricultural Law Association and Virginia Tech's highest teaching award, the William E. Wine Award, in 2004. He has made numerous presentations on various legal topics to lay and professional groups across the country.
Alex White, Associate Professor, Virginia Tech (bio tk)
Gary Bullen, Extension Specialist, North Carolina State University (bio tk)
Rick Hamilton, North Carolina State University (bio tk)
