The question of what happens to the family farm as farmers get older is often riddled with many emotional opinions.
So much so, that families may not communicate effectively about their wishes or plans.
Many life events can change the dynamics of a family farm.
Whether marriage, children, divorce, illness, retirement or death, significant events can require a plan or a change in the transition plan.
Planning in advance of a crisis or significant life event increases the chances that the family farm will successfully transition to someone who is ready to carry on the family business.
Having a plan also can lead to clear communication that reduces the likelihood of family conflict and stress.
Yet, four out of five Florida farmers do not have written estate plans.
You can take steps to protect your family and your family farm by attending a workshop offered by the the University of Florida Institute of Food and Agricultural Sciences Extension titled “Ag Saves: Preparing for Later Life Farming.”
This workshop will help you ensure that your wishes are honored when the time comes.
You and your partners are invited to learn together how to:
• Discuss the future of your farm;
• Assess your future financial needs;
• Talk with local experts in financial planning, estate planning and taxes.
This complimentary program will take place on Wednesday, February 21. Lunch and materials will be provided.
Registration will begin at 9:30 a.m. The program will go from 10 a.m. to 2 p.m.
Register online at http://bit.ly/2AOv0JC.
The workshop will take place at the Gadsden County Extension Office at 2140 West Jefferson Street in Quincy.
For more information about the workshop, call Laurie Osgood at 850-875-7255.
Special to The Herald