NDSU Extension - Oliver County

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Design Your Own Succession Plan

When Jan 17, 2019
from 06:30 PM to 09:00 PM
Where Farm Credit Services of Mandan, Mandan, ND
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How will your family farm or ranch operate in the future when you retire? Are you currently working with another generation who may be questioning their role in the future of the farm or ranch? Are you questioning your current role?

To help North Dakota farm & ranch families start their succession planning process, NDSU Extension has developed an interactive program, Design Your Succession Plan. This program provides tools and resources for North Dakota producers who want to begin the succession planning process. The program will explore the four components of succession planning: planning your business, retirement, transition and estate. You will be prepared to communicate, write, plan and shape the legacy of the family farm & ranch as well as save hundreds of dollars by completing these crucial planning steps before visiting professionals.

Who should attend?

This program is for families interested in shaping the future ownership of the family farm or ranch - the family legacy. If you are the owner generation you may be wondering how to transfer a viable business to the next generation or determining how to divide farm/ranch assets. If you are the next generation you may have questions or ideas about your future role in the farm/ranch business. Multi-generations of a family are encouraged to attend together.

Topics Covered

  • Starting Your Succession Plan
  • Determining What YOU Want
  • Developing the Next Generation and Your Legacy
  • Holding Family Meetings and Conversations
  • Choosing and Working with Professionals

Even if you have attended other transition, estate or succession planning classes, consider attending this program to get a START on YOUR succession plan.

Extension agents from Morton, Grant, Oliver and McClean counties are working together to hold this workshop at Farm Credit Services of Mandan on January 17, 24, & 28, 2020 from 6:30pm - 9pm.

Cost is $125 for the first family member and $50 for each additional family member. Participants receive a resource binder of succession planning information and a workbook to assist them in getting started on their plan.

Pre-registration is required. To register, call Renae Gress at 701-667-3340.

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