Experts to discuss generational transition planning Jan. 30 in Bassett

Time is a scarce commodity, especially for farmers and ranchers. Are you too busy to finish your estate and transition plan? What happens if your family’s farm or ranch is unable to transfer to the next generation?

A meeting to help families navigate the common landmines of generational transition planning — including legal, financial and communication issues — is 10 a.m. to 2:30 p.m. Jan. 30 at United Methodist Church in Bassett.

Several Nebraska farmers and ranchers will share their experiences with generational transition during a panel discussion. They will discuss what worked and what didn’t for their operations and families.

Pamela Olsen, an attorney with experience in estate and long-term care planning, will also cover helpful legal tools to transition a farm or ranch to the next generation. The audience will be given time to ask questions.

Attendees can register in advance by contacting Hannah Greenwell, Nebraska Extension educator, at 402-387-2213 or hannah.greenwell@unl.edu. Registration is $15 and includes a meal. Attendees are encouraged to register by Jan. 23 for meal-planning purposes, but walk-ins are welcome. Day-of registration begins at 9:30 a.m.

The meeting is sponsored by the Nebraska Grazing Lands Coalition and Nebraska Extension, with support from the Sustainable Agriculture Research and Education program and funding from the U.S. Department of Agriculture’s National Institute of Food and Agriculture.