"How to Stay Down on the Farm"
Mount Vernon, Washington, June 16, 2008 - Washington Agricultural Institute, in partnership with Skagit County Conservation District, WSU Extension and the Skagit County Farmland Legacy Program, is hosting a pair of instructional workshops on family farm succession and transition planning. This is being partially funded by a grant from the Washington Conservation Commission's Office of Farmland Preservation.
"Research indicates that half of America's farmers have no estate plan and almost three quarters have not even named a successor," said Mary Heinricht, executive director of Washington Ag Institute. Heinricht also indicated that a study completed in Virginia about 7 years ago, found that 70% of the time a farm is sold for development at the death of the landowner, it is because the family had failed to plan for the farm transition.
Two of the nation's top experts in family farm transitions will be presenting a pair of workshops at the WSU Northwest Research Station in Mount Vernon in July.
Steve Richards, currently a business consultant with Farm Credit of Western New York, is the former Program Director for NY FarmNet/FarmLink - the nation's leading farm transition program. During his five year tenure, Richards published 17 workbooks used for transition education in 18 states, and personally assisted in more than 800 farm business transitions.
Jeff Fetter is chair of the business practice group of Scolaro, Shulman, Cohen, Fetter & Burnstein in Syracuse, New York, where his practice focuses on business, estate, tax and succession planning for closely held and family-owned enterprises. Jeff is a frequent lecturer for the New York State Bar Association and has authored a number of articles on this issue for various periodicals.
One full-day session will focus on training agricultural professionals about farm transitions and family issues. Attorneys, accountants, investment advisors, WSU Extension staff, Conservation District staff and other agricultural professionals will be interested in this informative day.
Another full-day session will be for families beginning to plan for transition. Senior and junior generation farmers and spouses should attend to learn about the options available to them in planning for the eventual transition of their business to the next generation.
For more information about the July 7th ag professionals workshop or the July 11th family farm workshop at the WSU Northwest Research Station, contact Mary Heinricht at 360-572-4356 or washingtonaginstitute@earthlink.net .
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Mary Heinricht
Washington Agricultural Institute
426 Lochwood Drive
Camano Island, WA 98282
360.572.4356
"The history of every nation is eventually written by the way in which it cares for its soil." FDR
REGISTER !!!
How to Stay Down on the Farm - Farm Transition Workshop Series
Who Should Attend: Agricultural Professionals and Legal and Financial Advisors
Farm Families and Entering and Exiting Farmers
What: Monday, July 7th - All day workshop for Agricultural Professionals - Transition Support Training
Friday, July 11 - All day workshop for farmers, farm families and agricultural business owners
When: July 7th and July 11th 2008. 8:30a.m. registration and coffee
Where: WSU Mount Vernon Northwest Research and Education Center,
16650 SR 536, Mount Vernon, WA
Registration: Includes lunch, snacks and written materials
$50 for Ag Professionals Workshop; $35 for Farm Families Workshop
For more information: Mary Heinricht, Director, Washington Agricultural Institute
Phone: 360.572.4356
Email: washingtonaginstitute@earthlink.net
Major support provided by the Washington State Conservation Commission/Office of Farmland Preservation
Sponsors include Skagit Conservation District, Skagit County Farmland Legacy Program, Skagitonians to Preserve Farmland, WSU Extension and Washington Agricultural Institute
____ YES! I plan on attending the 2008 Summer Washington Farm Transition Workshop in Mount Vernon.
Monday, Ag Professionals Workshop $50 Friday, Family Workshop $35
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Questions? Contact: Mary Heinricht, Washington Ag Institute
426 Lockwood Drive, Camano Island, WA 98282
360.572.4356 voice and fax
Email: washingtonaginstitute@earthlink.net