Ag Estate Planning During a Pandemic (Aug. 5, 2020 webinar)

Allan Vyhnalek, extension educator for farm and ranch succession, Agricultural Economics, and Monte Schatz, attorney and managing member at Vandenack Weaver LLC.

While 90% of farmers and ranchers say they expect COVID-19 to impact their businesses, over half do not have a plan for what would happen to the business if they fall ill, according to two surveys by Farm Journal and Farm Market iD. The ongoing COVID-19 pandemic further highlights the importance of preparing the next generation to manage the farm or ranch.

The webinar will offer background on common mistakes made during the process, the importance of having a formal succession plan in place and essential considerations and tools for creating an agricultural estate plan.