Estate and transition planning often focuses on what happens to the farm or ranch at the death of a key person. However, a good estate and transition plan should also include contingencies for disability. Planning for a disability is not an easy task because the severity and duration of the disability are unknown. Here are some key items to have in place to protect you and your operation from disability:
Local Interest
The University of Nebraska-Lincoln’s Center for Agricultural Profitability will present a series of workshop in central and eastern Nebraska 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 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.
The Center for Agricultural Profitability at the University of Nebraska-Lincoln will present Returning to the Farm, a workshop series for families who are in the transition process of bringing members back to the farm or ranch. It will begin with a two-day workshop in Grand Island for multi-generational families on Dec. 8 and 9 in Grand Island at the Bosselman Convention Center located at Fonner Park, 700 E. Stolley Park Road.
The workshop fee is $75 per person, which includes dinner on Dec. 8 and lunch on Dec. 9. It also includes two follow-up workshops, to be held virtually, in the evenings on Jan. 11 and Feb. 8. Hotel accommodations are not included. Register online at https://cap.unl.edu/rtf23
Crop producers — learn about several hot topics from university and industry experts at Nebraska Extension in Lancaster County’s “Successful Farmer Series.” Sessions will be held on Thursdays, Nov. 30, Dec. 7 and Jan. 4 at the Nebraska Extension in Lancaster County conference rooms, 444 Cherrycreek Road, Suite A, Lincoln. Each session will also be livestreamed and archived on YouTube.
How much Nebraska ag land is owned by foreign entities?
Larry Van Tassell
Professor and Director, Center for Agricultural Profitability
WEDNESDAY, NOVEMBER 1, 2023
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