Planning Farm Succession Workshops

Planning for the future of your farm isn’t just about crops and livestock; it’s about ensuring your legacy and protecting the values your farm represents. To help families navigate the complexities of farm estate planning, the University of Illinois Extension will host a free educational program on

• December 10th, 9:30 AM – 11:30 AM, Knox Ag Center, 180 S Soangetaha Rd., Galesburg, IL 61401
• December 10th, 2:00-4:00PM, McDonough County Fairgrounds, 3022 West Jackson, Macomb, IL 61455

Led by experienced Extension Educator Kevin Brooks.

This interactive workshop will equip farmers and landowners with the essential knowledge and tools needed to make informed decisions about their property’s future. Attendees will gain valuable insight on:

• Developing a comprehensive estate plan: Understanding legal documents, land transfer options, and strategies for asset allocation.
• Tax implications and financial planning: Exploring tax benefits, minimizing liabilities, and ensuring financial stability for future generations.
• Family communication and succession planning: Facilitating open conversations with family members, identifying potential conflicts, and establishing a smooth transition process.
• Building a resilient farm business: Incorporating farm management practices and financial strategies to strengthen the farm’s long-term viability.