Sixty-six people, representing approximately 48 farm and ranch families in Central Nebraska improved their ability to lead farm and ranch transition as a result of this project. Five workshops targeted Gen 2, the generation not in control of transition plans, giving them improved skills to lead from the middle. Monthly emails encouraged families to stay on task, and provided information on the farm finance and ag law clinics facilitated by the Rural Response Hotline.
At least 13 families were able to start talking about the future of their operation as a result of the tools and skills provided. Eighteen families have met, or intend to meet, with legal and/or financial counselors. Seventeen families feel like they have better control of their future and the future or their business as a result of their participation.
Evaluations indicate that workshop participants improved their ability to consider the financial viability of the transition plan, calculate compensation for unpaid contributions, initiate conversations with family members, and create win-win agreements that benefit all parties. Ninety-seven percent increased their ability to understand estate planning tools, 92% - the important role written leases play in farm/ranch transition, and 91% - how to navigate communication barriers.
Number of Participants: 67
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REPORTS & EVALUATIONS
There are no reports or evaluations available for this project.