Farm Transfer Planning for the Next Generation
Farmers Jim and LeeAnn Van Der Pol are in their 60s and ready to decrease their roles in the family farm and meat business. How are they turning over management and ownership to their son and daughter-in-law? Transfer must allow the older generation to be out of the way of the ambitions of the younger ones, while respecting the feelings of the older generation regarding the equity and business they have put their lives into building. Feelings are as important as dollars. Family good health and unity depend on it.Join the Van Der Pols and farm transition attorney Rachel Dahl to learn how they’re navigating these issues and more.
Jim and LeeAnn Van Der Pol farm with their son, daughter-in-law and grandchildren at Pastures A Plenty near Kerkoven, Minnesota. They raise organic crops, hogs and cattle on 320 acres. They also have two children who live off-farm.
Rachel M. Dahl specializes in Estate and Farm Transition Planning at the law firm of Hellmuth& Johnson. As a former farm kid, Rachel understands the areas in which farmers may need comprehensive advice including estate planning, real estate, leasing, agricultural law and agricultural programs, business entity formation, and taxes. Farming is a generational business, and Rachel helps transition it for your family’s future farmers.