Farm Succession

Farm family walking in field
Two upcoming land management webinars will include information tailored to different regions of the state — March 27 will be more relevant to western and central Nebraska residents, and March 28 will be for eastern Nebraska residents. (CAP photo)

Land and Leasing Webinars to Cover Cash Rents, Landlord-tenant Issues for 2024

March 15, 2024
Two upcoming workshops will review a wide variety of land management concerns for Nebraska producers, from land value trends and cash rents to creating estate plans.

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Two farmers conversing near farm equipment
Housing, insurance and vehicles can provide another form of compensation for returning farm or ranch family members. However, it's best for all family members in the operation to get non-monetary compensation in writing before any official employment begins.

Paying Family Members on the Farm or Ranch

February 29, 2024
This is the first in a series of Center for Agricultural Profitability articles that will highlight ideas and tactics for successfully bringing another family member into the operation.

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Couple and son laughing on farm beside tractor
Throughout each Center for Agricultural Profitability Returning to the Farm workshop, participants receive help from experts in developing estate and transition plans, setting personal and professional goals and improving the communication process between family members.

Returning to the Farm Workshops Set for March 8-9 in Kearney

February 15, 2024
This workshop series assists families and agricultural operations with developing financial plans and successful working arrangements to meet their unique needs.

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Center pivot system in snowy field
Snow covers the landscape around a center pivot and bales of hay. (Photo by Chabella Guzman)

Farm and Ranch Estate and Transition Planning Workshops in Rushville, Chadron, Scottsbluff

January 18, 2024
Following a presentation that will assist producers with creating an estate plan, the workshops will feature a Q&A session with an attorney or panel of estate planning professionals.

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Man and son on farm
The upcoming farm succession workshops are sponsored by the Nebraska Rural Response Hotline, Nebraska Department of Agriculture Beginning Farm Tax Credit and Negotiations programs, the Farm and Ranch Project of Legal Aid of Nebraska, and the Nebraska Farmers Union Foundation.

Free Farm Succession Workshops Set for Jan. 24-25

January 4, 2024
Hosted in Stuart and Greeley, the workshops will cover basic estate and succession planning to assist farm and ranch families in creating or reviewing their plans.

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Farmer inside of tractor cab
Incorporating the possibility of disability into your estate plan requires professional legal assistance, so it's critical to discuss these issues with your attorney and financial advisor as part of the process. (Center for Ag Profitability photo)

What Happens to Your Farm or Ranch if You Become Disabled?

December 14, 2023
Labor contingency plans, emergency funds, buy-sell agreements, insurance — there's many factors to consider when preparing for a potential disability on the farm. Read this article for more on what to expect of the process.

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Farming family in field
Participants of this Returning to the Farm workshop will benefit from two additional virtual training sessions, scheduled for Jan. 11 and Feb. 8. See details below.

Returning to the Farm Workshop Dec. 8-9 in Grand Island

December 1, 2023
The two-day workshop will assist families and agricultural operations with developing financial plans and successful working arrangements to meet their unique needs.

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Wheat field and barn
Free to attend, registration for the Nov. 21 workshop in Harrison is required. See details below. (Photo by Chabella Guzman)

Extension Ag Estate, Transition Planning Workshop Scheduled in Harrison

November 14, 2023
Set for Nov. 21, the workshop will feature discussion on tools and strategies to create estate plans while avoiding common mistakes during the process.

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