Mount Olive College’s Lois G. Britt Agribusiness Center is partnering with North Carolina Cooperative Extension Centers in Beaufort, Hyde, Washington, and Tyrrell Counties to conduct a farm transition conference for area farmers and landowners on Jan. 21 at the Vernon James Research and Extension Center.
The meeting will begin at 8:30 am and end at 3:00 pm. This is the first of two Estate Planning / Farm Transition workshops planned for January. The second will be on Jan. 31. More detail on that meeting will be announced soon.
This effort will be a comprehensive review of farm transition and the tools and resources that are available to assist landowners with farm transition and estate planning. Dr. Ronald Hanson, a nationally recognized farm succession specialist from the University of Nebraska-Lincoln, as well as several state and local estate planning specialists, will be on the agenda.
The agenda for the workshop:
- 8:30 am – Registration
- 9:00 – Welcome and Introductions
- 9:15 – The Changing Landscape of Agriculture – The Need for Transition Planning – Debbie Hamrick
- 9:45 – So You Thought You Were Buying the Family Farm: Guess Again – Ron Hanson
- 10:45 – Break
- 11:00 – Keeping Your Farm in the Family for the Next Generation: Is There a Succession Plan? – Ron Hanson
- 12:15 – Catered Lunch; visit with Conference sponsors and vendors
- 1:00 pm -The Pros, The Cons, The Realities of Asset Transfer – Andrew Branan
- 2:15 – Present Use Value Tax Program – Tony Simpson, NC Dept. of Revenue
- 2:30 – What You Need to Know about Probate – Denise Moulden, Clerk of Court Washington County
- 3:00 – Forestry – Do You Know of Your Timber Basis –Rick Hamilton, Retired NC State Extension Forestry and Forestry Consultant
- 3:30 – Adjourn
Registration is required by January 15. For more information and to register, call Pam Allen at the Beaufort County Extension Office at 252-946-0111. You can also register on-line.
A registration fee of $10 for individuals and $5 for each additional family member will be collected at the event. A workbook and other materials, along with lunch, will be provided to all registered attendees. This workshop is open to all farmers and landowners.