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Planning for the Future Conference
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First Person Registration $50 (includes notebook of materials) Additional Family and/or Student $35 Additional Notebooks $15
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Schedule 9:00 am - Registration and Refreshments Sponsored by: United Bank & Trust 9:30 - 10:45 am - Ron
Hanson “You Can Buy the Family Farm - Just Remember That I Still Own It” Dr. Ron Hanson is a professor of agricultural economics at the University of Nebraska, Lincoln and has received recognition as Neal E. Harlan Distinguished Professor of Agribusiness. In 2008, he was awarded UNL Educator of the Year by the Association of Students. For 34 years Professor Hanson has provided national leadership and has served as a role model for teaching and advising excellence. He is nationally recognized for his entertaining and insightful talks on family communication and planning issues. 10:45 - 11:00 am -
Break 11:00 am - 12:00 pm -
Roger McEowen Roger McEowen has been the Leonard Dolezal Professor in Agricultural Law and the Director of the Iowa State University Center for Agricultural Law and Taxation since 2004. Prior to that, McEowen was an associate professor & extension specialist in agricultural law and policy at K-State. From 1991-1993, McEowen was in private practice in North Platte, Nebraska. McEowen conducts tax schools throughout Kansas each fall, focusing on farm tax issues. 12:00 - 1:00 pm -
Lunch 1:10 - 2:00 pm -
Breakout Session #1 2:10 - 3:00 pm -
Breakout Session #2 3:10 - 4:00 pm -
Breakout Session #3 |
More Information:
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Break-out Sessions Sponsored by: The Citizens National Bank Trust Dept. American Ag Credit Peoples Exchange Bank
This session will focus
on the questions that must be addressed when developing a plan for farm business
ownership succession. If these issues are not discussed and resolved within the
family, it could end up costing the family a lot of legal costs and lawyer fees. Wills and Trusts-The Basics of the Planning Process - Roger McEowen, ISU Roger will discuss the basics of gathering data, summarizing assets and liabilities, and then looking at the basic elements and process of writing a will or setting up a trust.
Planning for the Next Ranching Generation - Panel Discussion This session will be a ranch producer panel moderated by Calvin Adams (Mitchell county, KS) and Cade Rensink (Ottawa county, KS). Focus will be nonfamily and family member issues regarding ranch ownership transfer.
FamilyTALK: Making it Work - Charlotte Shoup Olson, KSU Families who live and farm together have challenges other families don’t face. While this provides an opportunity to build closeness, it can also create stress and conflict. The program will explore ways in which life can be made easier on the farm by everyone using good communication skills.
Charitable Giving - Gordon Dowell, KSU You can have it all! Explore the options to reduce tax liabilities, enjoy lifetime income, or transfer wealth to heirs all while creating a legacy through any local charitable organization.
What if the “What If” Actually Happens to Your Family? - Ron Hanson, UNL This session will share
the “what if situations” that most families avoid discussing (or pretend will
never happen). Developing a vision for the future of the business that is shared
by all family members involved is needed for a successful transition of farm
ownership when the “what if” happens. Estate Planning-Temporary Certainty - Roger McEowen, ISU Roger will discuss the retroactive reinstatement of federal estate tax for 2010; the election out of the estate tax for 2010; income tax basis; filing requirements; portability; and basic planning concepts for Estate Planning.
The entire process for mapping out a succession plan can be an overwhelming task. This session will address your questions & outline the necessary steps to begin the process to work though stressful issues in a positive manner.
CCCC is partnering with the Kansas Ranch and Range Management Internship Program to train the next generation of ranchers. The internship is a hands on, one-on-one experience with ranch mentors to create sustainable ranches for the 21st century. Learn more about this new and exciting program and how to participate at CCCC during this session.
Kevin will review some NC KS Farm Mgt trends and will look at the basics of analyzing farm records. Participants will then be led through the steps to determine just what changes and/or growth must occur in order bring another family or non-family person into the operation.
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