Help offered for farm transition plans
by Staff Report
The Richmond County Cooperative Extension will be offering one-on-one consultations, sponsored by the Lois G. Britt Agribusiness Center at Mt. Olive College and the USDA Risk Management Agency, to assist landowners in developing their own farm transition plan. The consultations will be held on Aug. 19 from 10 a.m. to 4:30 p.m.
Call the Cooperative Extension Office to sign up for available times, at 910-997-8255
These consultations are a follow-up to the Farmland Transition Estate Planning Workshops that were held in December of 2012, which helped inform aging farmland owners of how to plan for the future of their land.
As the aging population of farmland owners continues to rise, such informative workshops and consultations are imperative to ensure the responsible and proper handling of their land in the future.
The consultations are free and will be led by Attorney Andrew Branan of The Branan Law Firm in Hillsboro, N.C., whose law expertise is in land assets, farm transition and estate planning. The consultations are for educational purposes and according to Branan are “targeted to farm and forest landowners and farmers, with topics addressed related to estate planning, transfer of land and property, and business organization — limited liability company, corporation, etc. — issues.”
Many landowners are surprised to find the tools available to them. “Most know how they want their estate to be handled,” said Branan, “it’s just, some of the people are perplexed more by the process.”
With North Carolina holding steady as a top 10 agricultural producing state, the future of its forests and farmland is a hot topic.
According to Paige Burns, Assistant Horticulture Agent at the Richmond County Cooperative Extension, the goal of these information sessions is to help minimize the pressure put on non-developed farmland owners by preparing them with accurate legal information.
“We want to help farmers avoid any surprises,” said Burns.
“North Carolina in general is experiencing great loss of farmland because of population increase and we need to figure out how to support our forests and farmlands so that they will benefit us in the future,” she said.
Cooperative Extension is at 123 Caroline St., Suite 100, Rockingham.
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