NC cooperative Extension Richmond County is partnering with Mount Olive College’s Louis G. Britt Agribusiness Center to conduct a farm transition workshop for county farmers and landowners. Mount Olive College received funding from the USDA Risk Management Agency to conduct farm transition regional events and workshops in a 20 county regions in central and eastern North Carolina.
The workshop will be held on Dec.13 from 7 to 8:30 p.m. at NC Cooperative Extension Richmond County. Pre-registration is required. This workshop is open to all farmers and landowners in and around the Richmond County. For information and to register, call 910-997-8255
This workshop will be a comprehensive review of farm transition and what participants need to know when they inherit land or receive land as a gift. The workshop will specifically include:
• A discussion on articulating what the farmer or landowner wants, what information to collect and how to make sound decisions.
• An overview of estate planning strategy and how the tools, such as wills planning and asset distribution planning.
• An overview practical ‘end of life’ planning for the family like bank accounts, power or attorney, etc.
• A discussion of business planning issues such as LLC for liability and farm transfer as well as an estate tax updates.
Additional information about upcoming events and resources can be found at: www.mocagbiz.com/farmtransition or contact the agribusiness center at 919-658-7510.