Student Learning Outcomes
Students will study the many aspects of farm business and/or family transition which occur in the typical farm business. Both estate planning and transition planning will be explored.Student Learning Outcomes
- Develop a plan to transfer a farm or business.
- Understand the tax implications of different types of farm transfers.
- Communicate future farm plans with stakeholders.
- Prepare a balance sheet to develop values used in the planning process.
- Determine the needs for retirement incomes and gifting of the business.
- Determine the best business structure for the transition.
Prerequisites
Please see eServices for section availability and current pre-req/test score requirements for this course.