Farm Transition and Estate Planning: Farmers' Evaluations and Behavioral Changes Due to Attending Workshops

Authors

Gary A. Hachfeld, University of Minnesota ExtensionFollow
David B. Bau, University of Minnesota ExtensionFollow
C Robert Holcomb, University of Minnesota ExtensionFollow
James N. Kurtz, University of Minnesota ExtensionFollow
J William Craig, University of Minnesota ExtensionFollow
Kent D. Olson, University of MinnesotaFollow

Volume

47

Issue

2

Abstract

A majority of Minnesota farm families have not named a farm business successor or developed an up-to-date farm business transition and personal estate plan. The collaborative Extension program effort described here focuses on introducing farm families to business transfer and estate planning processes, enabling them to develop and implement such plans. Findings suggest that farm family participants gained increased understanding of farm business transfer and estate planning. Furthermore, a substantive percentage of participants reported completing and implementing a business transfer and personal estate plan as a result of attending a program seminar.

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Recommended Citation

Hachfeld, G. A., Bau, D. B., Holcomb, C., Kurtz, J. N., Craig, J., & Olson, K. D. (2009). Farm Transition and Estate Planning: Farmers' Evaluations and Behavioral Changes Due to Attending Workshops. The Journal of Extension, 47(2), Article 8. https://tigerprints.clemson.edu/joe/vol47/iss2/8