The North Dakota Farmers Union has teamed up with the North Dakota State University Extension to offer a succession planning workshop for farmers in the state. The workshop, which aims to help farmers effectively plan for the future transfer of their farm operations to the next generation, will cover topics such as estate planning, retirement planning, tax implications, and communication strategies within the family.
The partnership between the Farmers Union and NDSU Extension underscores the importance of succession planning in the agricultural industry, where family-owned farms make up a significant portion of the market. By providing farmers with the tools and resources they need to create a successful succession plan, the workshop seeks to ensure the long-term viability of these farms and support the next generation of farmers.
The workshop will be held at various locations throughout the state, allowing farmers from different regions to access the valuable information and expertise offered by the presenters. Interested farmers are encouraged to register for the workshop to secure their spot and take the first step towards securing the future of their farm operations.
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