Workshops designed to help farmers and ranchers prepare to transition their family farm or ranch to the next generation are happening in Nebraska.
The workshops, presented by Farm Bureau Financial Services, will be held throughout 2019. Five already have been held throughout the state with six more scheduled through the end of March.
Called "Changing Hands — Your Legacy, Their Future," these workshops aim to help farmers and ranchers map out a strategy to protect their legacy for future generations and ensure a successful transition. The workshops will be free and open to the public and are a part of Farm Bureau Financial Services' efforts to help prepare Nebraska farmers and ranchers to make succession decisions.
Nearly all farms in the U.S. — about 99% — are owned by families, and 70% of U.S. farmland likely will transfer in the next two decades. The "Changing Hands — Your Legacy, Their Future" workshops will guide farmers and ranchers through important questions such as "How can I treat all my heirs fairly?" or "How can I protect my assets?" The workshops also address the complexities of financial, emotional and family dynamics.
"Farm Bureau Financial Services has a long history of serving farmers and ranchers, and we're proud to continue that service with our farm and ranch succession workshops," said Nancy Wiles, marketing communications vice president with Farm Bureau Financial Services. "These workshops are a great opportunity for farmers and ranchers to start thinking about the transition process. It's not something people like to think about, but it's an important step to take to help ensure the continuation of their life's work."
New workshops and their locations are announced regularly. Workshops are free and open to the public. Registration is required. For information, visit fbfs.com/changing-hands.