JAMESTOWN, N.D. (NewsDakota.com) – Establishing a long-range plan for the ownership of a family’s farm or ranch is the focus of two separate one-day workshops on succession planning being held Thursday, Jan. 30, in Jamestown at the North Dakota Farmers Union State Headquarters and another on Tuesday, March 4, in Minot at the North Central Research Extension Center. The free educational workshops are being hosted by NDFU in partnership with NDSU Extension.
“There comes a time when all farm families need to have a conversation about how the farm or ranch will be transferred to the next generation or have assets divided,” said NDFU President Mark Watne. “These workshops are the first step in starting that important dialogue.”
Watne said “Design Your Succession Plan” participants will learn how to start and sustain discussions with family members about future ownership and will begin to develop a succession plan. They also will learn how to choose and prepare to work with legal and financial professionals to implement a viable plan.
Workshops run from 9 a.m. to 4 p.m. with lunch provided. Space is limited. To participate, register at ndfu.org or thru the NDFU app. Deadline to register for the Jamestown workshop is Jan. 23, and Feb. 25 for the Minot workshop. For more information, call 800-366-6338.