Legacy planning requires open communication within the family.
Illinois Farm Bureau and COUNTRY Financial are partnering to host three farm legacy seminars across the state in February.
The seminars will provide farm families with information and questions that are essential to legacy planning, in order to allow them to keep their farm in the family.
Illinois family farm native, Ron Hanson, Ph.D., University of Nebraska-Lincoln Harlan Agribusiness Professor Emeritus, will be the keynote speaker.
An expert on farm legacy planning Hanson has worked with farm families for more than 40 years in addition to his 46-year agribusiness and student-advising career.
One of the seminars is being held in Rochelle on Feb. 25 at the Hickory Grove Banquet and Conference Center. It begins at 5 p.m.
The other seminars are being held in Champaign and in Marion.
Hanson shares some of the questions he encourages farm families to consider: “What are the long-term goals of the farm? How will the farm transition from this generation to the next? Who do you want to take over, own or manage the farming operation? Is there someone in the family who will never own the farm? How do we treat all children equitably?
Legacy planning includes having open communication within the family, including all children, even those not working on the farm.
Additional speakers will include Rich Guebert, Illinois Farm Bureau president; Brian Duncan, Illinois Farm Bureau vice president; COUNTRY financial specialists David Gallico, Kris Kline and Derek Dickinson.
Registration opens Jan. 1. Go to: www.ilfb.org/farmplanning or contact Stacey Capodice at 309-821-2207 with any questions.