Farm Transitions: Entering, Expanding, or Exiting the Business

Register Today: Online or In Person Option!

Whether you want to begin farming, you are looking to transition your farm business to the next generation, or you are a producer somewhere in between, this event is for you. Come learn about opportunities, pitfalls to avoid, and tools required for a successful farm transition. On the first day, you will hear from industry experts on current farm markets and opportunities. Are there opportunities for entry or expansion that you haven’t considered? What are the risks you must weigh? How might these opportunities impact retirement? On the second day, we will dive into the nuts and bolts of farm business transitions. We will explore financial considerations for beginning or expanding a farm business, including business planning essentials. We will also review relevant tax, business, and estate law considerations and explain important planning tools and strategies.

This two-day seminar, taught by 20 different experts, will equip farmers--whether they are entering, expanding, or exiting the business--to transition well. Although we are not offering continuing education credit for this two-day event, professionals working with farmers may benefit from this event as well. Those attending in person will have opportunities for networking, and all attendees (in person or online) may interact with speakers and ask questions throughout both days. All attendees will receive a Farm Transitions manual. We hope to see you there!

 

Agenda: 

Detailed Agenda

Day One (February 10) Agenda:

  • Welcome
    • Secretary Mike Naig, Iowa Department of Agriculture and Land Stewardship
  • Will Iowa Farmland Values Continue to Grow?
    • Wendong Zhang, ISU Center for Agricultural & Rural Development
  • Cash Rent Considerations
    • Alejandro Plastina, ISU Center for Agricultural & Rural Development
  • Beginning Farmer Loans
    • Dustan Svoboda, USDA Farm Service Agency
  • Iowa’s Beginning Farmer Loan & Tax Credit Programs
    • Steve Ferguson, Iowa Finance Authority
  • Working with Your Banker to Facilitate the Loan Process
    • Leslie Miller, Former V.P, Marion County Bank
  • Banker/Lender Panel
    • Dustan Svoboda, Steve Ferguson, and Leslie Miller
  • Farm and Crop Economy Update
    • Chad Hart, ISU Center for Agricultural & Rural Development
  • ARCPLC – Election and Enrollment
    • Katie Kramer & Kevin McClure, Farm Service Agency
  • Evaluating Opportunities in the Livestock Industry
    • Lee Schulz, ISU Center for Agricultural & Rural Development
  • Livestock Feeding Contracts: Practical Legal Advice – Starting with “Read It”
    • Eldon McAfee, Brick Gentry P.C.
  • Exploring Value-added Agriculture Opportunities (Panel)
    • Christa Hartsook (moderator), ISU Farm, Food and Enterprise Development

 

Day Two (February 11) Agenda:

  • What Are Your Goals?
    • John Baker, Attorney at ISU Iowa Concern Hotline
  • Farm Transition Pitfalls as Seen in the Courts
    • Kitt Tovar Jensen, ISU Beginning Farmer Center
  • What are our Financial Statements Telling Us?
    • Kelvin Leibold, ISU Extension and Outreach
  • Communicating During Farm Transitions
    • Kiley Fleming, Iowa Mediation Services
  • Business Plan Essentials for New or Emerging Businesses
    • Duane Johnson & Connie Hardy, ISU Farm, Food and Enterprise Development
  • Transition Tax Considerations
    • Kristine Tidgren, ISU Center for Agricultural Law and Taxation
  • Tools for the Transition: A Legal Guide to a Successful Farm Transition
    • Erin Herbold-Swalwell, Iowa Farm Bureau Financial Services
  • Using Business Entities to Grow or Transfer the Business
    • Kristine Tidgren and Jennifer Harrington, ISU Center for Agricultural Law and Taxation
  • Build Your Professional Team—Finding the Folks Who Can Guide Your Transition
    • Melissa O’Rourke, ISU Extension and Outreach

 

Detailed Agenda

Speakers: 
John R. Baker, Attorney, Iowa Concern Hotline, Iowa State Extension and Outreach
Steve Ferguson, Ag Development Program Specialist, Iowa Finance Authority
Connie Hardy, Education Specialist, ISU Agriculture and Natural Resource Extension
Jennifer Harrington, Staff Attorney, Center for Agricultural Law & Taxation, Iowa State University
Chad Hart, Professor of Economics & Crop Markets Specialist, Center for Agricultural and Rural Development, Iowa State University
Christa Hartsook, Small Farms Program Coodinator, Farm, Food and Enterpise Development, Iowa State University
Erin Herbold-Swalwell, Senior Counsel - Advanced Markets, Farm Bureau Financial Services
Katie Kramer, Agriculture Program Specialist, USDA Farm Service Agency
Kelvin Leibold, Farm and Ag Business Management Specialist, Iowa State University Extension & Outreach
Eldon McAfee, Shareholder, Brick Gentry P.C.
Kevin McClure, Chief Agriculture Program Specialist, USDA Farm Service Agency
Leslie Miller, Former V.P, Marion County Bank
Iowa Secretary of Agriculture Mike Naig, Iowa Department of Agriculture and Land Stewardship
Melissa O'Rourke, Farm and Ag Business Management Specialist, Iowa State University Extension & Outreach
Alejandro Plastina, Associate Professor, Center for Agricultural and Rural Development, Iowa State University
Lee Schulz, Associate Professor, Center for Agricultural and Rural Development, Iowa State University
Dustan Svoboda, Farm Loan Specialist, USDA Farm Service Agency
Kristine Tidgren, Director, Center for Agricultural Law & Taxation, Iowa State University
Kitt Tovar Jensen, Beginning Farmer Center Coordinator, Center for Agricultural Law & Taxation, Iowa State University
Wendong Zhang, Associate Professor, Center for Agricultural & Rural Development, Iowa State University

 

Registration: 

$175 - In-person Registration (includes lunch both days and a Farm Transitions workbook)

For groups of two or more, use code GROUP50 to recieve $50 off each in-person registration. Does not apply to student registration.

$100 - University or College Student Registration (in person or online) (Contact Kitt at kwtovar@iastate.edu to apply for student scholarships).

$150 - Webinar Registration (include Farm Transitions workbook PDF) (Webinar participants will receive two links from GoToWebinar to join conference virtually).

Date and Time: 
Thursday, February 10, 2022 - 8:00am to Friday, February 11, 2022 - 4:30pm
Location: 
Gateway Hotel & Conference Center, 2100 Green Hills Dr, Ames, IA 50014 and Online
Accommodations: 

$114 room rate* Reserve your room at the Gateway Hotel & Conference Center  or call 515-292-8600.

*Discounted room rate plus applicable taxes/fees per night, expires January 27, 2022.