Midwest Bank is hosting a workshop for those planning and involved in farmland succession.
Lincoln, Nebraska, Oct. 20, 2023 — The University of Nebraska-Lincoln’s Center for Agricultural Profitability will present a workshop in Norfolk for those planning and involved in farmland succession who want to learn more about the best strategies for managing and owning this asset and how it may impact the transition plan.
“So You’ve Inherited a Farm … Now What?” will be held from 10:30 a.m. to 2 p.m., on Nov. 29, at Midwest Bank’s main branch, 2601 W. Cooper Drive.
The workshop will cover Nebraska land industry topics for farms and ranches. Those include evaluating current trends in land values and cash rents, strategies for successful land transitions, lease provisions, legal considerations and managing communication and expectations among family members. Creating and adjusting estate plans will also be covered.
“We hear all the time from people who engaged in various stages of transitioning land involved in a farm or ranch,” said Jim Jansen, an agricultural economist with Nebraska Extension. “The dynamics surrounding succession differ for each operation, and this workshop provides the best management concepts and strategies for an effective transition.”
The program is free to attend, and lunch will be provided by Hertz Farm Management in Norfolk. Pre-registration is requested by Nov. 28, by calling Nebraska Extension in Madison County at 402-370-4040.
More information is available on the Center for Agricultural Profitability’s website, https://cap.unl.edu.
This material is based upon work supported by USDA/NIFA under Award Number 2021-70027-34694.