MiFarmLink: Free succession planning sessions
Development pressure is just one of the many challenges today's farmers face. That's why County staff work day in and day out to strengthen farmland preservation program efforts by addressing farmer needs - such as land access and succession planning assistance - through a new public-private ag support system: the MiFarmLink Project.
Planning for handing off an agricultural operation can be a complicated and often stressful endeavor. To help West Michigan farmers get started, Grand Rapids-based estate planning law firm and MiFarmLink partner McShane & Bowie, PLC is offering free consultations.
"Farmers' operations are intertwined with complicated business and succession planning issues," said estate planning specialist Michelle Anthes of McShane & Bowie. "It's imperative to start early. We can help alleviate anxiety and supply agriculture veterans a solid foundation to build their plan."
Farmers can get started on a personalized succession plan that will protect them, their heirs, and their assets. And there is no obligation to continue planning with McShane & Bowie attorneys. Participants will leave the session with a navigable and manageable roadmap that they can complete with McShane & Bowie or another legal advisor of their choice.
Additionally, there is funding available to provide succession planning participants with a financial incentive. Once a succession plan is completed, participants can receive a reimbursement of 10% of the total cost to complete the plan (up to $3,000). Farmers must submit a form, an invoice, and proof of payment by June 30, 2022, to receive the funds. These funds will be distributed on a first-come, first-served basis.
For more information on this succession planning consultation, visit mifarmlink.org/succession-planning To schedule an appointment, email ajk@msblaw.com or call 616.732.5067.
The MiFarmLink Project is a collaborative effort spearheaded by a USDA Beginning Farmer and Rancher Development Grant administered through Ottawa County. This public-private partnership aims to help shepherd prime farmland from its current stewards into the hands of the next generation, and help these new farmers fill this vital role and be successful.
To learn more, visit MiFarmLink.org, or email info@mifarmlink.org
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