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Farm Transition Planning - Preserving Your Legacy

• Tuesday, November 19, 2019, 8:30 AM - 12:30 PM

Agriculture is a vital piece of the New York State economy. Our farmers continue to provide jobs and fresh, locally-grown food while helping preserve our land on approximately 7 million acres – nearly a quarter of the state’s area. As an economic sector, agriculture contributes over $2.4 billion to the state’s gross domestic product and, despite challenges such as fluctuating prices, seasonality, and climate or labor issues that are so characteristic to this industry, our farms remain strong.

To support and to further strengthen our farming community, the Cornell University Cooperative Extension of Monroe County, in partnership with Mass Mutual New York State and Farm Credit East, has organized the ‘Farm Transition Planning – Preserving Your Legacy’ workshop. The workshop, designed for agricultural business owners who want to learn about transitioning to the next generation, will discuss the strategic process for developing a successful farm estate and succession planning.

Specialists from MassMutual New York State and Farm Credit East will cover topics such as:

• Goal setting & timeline development for current and future business owners, including those heirs living off the farm
• Business structure and tax and legal implications
• Document preparation
• Expert team formation (attorneys, accountants, insurance agents, and financial planners)

Fee

$15 per person or $25 per farm up to 4 members

Location

Piano Works Mall
349 West Commercial St.
Rochester, NY 14445

Last updated November 1, 2019