Passing Down the Family Farm Event- Jan 19

The Livingston County Farm Bureau is sponsoring an event on Monday, January 19th at the Walton Centre in Fairbury (corner of Main Street and 3rd). This is a seminar that is focused on the family farming business and, in particular, it is providing information concerning the transfer of the family business to the next family generation. Its a presentation that answers a lot of questions and, makes the attendees a bit more aware of some of the things that need to be addressed to ensure a smooth transition. In today’s world of ownership legalities the actual responsibility for a business in agriculture has taken on some new requirements (as all business evolution promotes) and if you want to make sure you’re “in the know” about the road ahead here is a good place to find the map.

The seminar will be conducted by Ron Hansen who has a PHD in Agriculture Economics and is a professor at the University of Nebraska. He has 39 years worth of educational study and teaching and knows his way around the complicated endeavors of family relations and business ownership issues involved with the farming community – he will give you a very good insight on how to continue your family legacy with a clarification of the requirements, what to look for, what to avoid and how to prepare in advance for the actual transaction. If this scenario is part of your family plan then this seminar will be a good addition to your program launch – you may well hear about some things that you weren’t aware of. Being prepared is a whole lot better than being surprised.

The program will begin with a meal at 5:30pm and the seminar will start at 6:15 and it is open to all Farm Bureau Members as well as any interested professionals. There will be flyers sent to most businesses and, if you have questions you can contact the Farm Bureau in Pontiac at 815-842-1103. For you Businesses there is also a contribution program that you can participate in with different levels of recognition based on the contribution submitted – the flyers will explain the program and the benefits that go along with being a participant. So, bring yourself and your questions and let Professor Hansen get you up to speed as concerns the family farming business – it’ll be worth the time.

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