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March, April Farm Transitions workshops set for Alva

Oklahoma

Farm families looking to promote long-term success should register now to attend Farm Transitions workshops scheduled for March and April in Alva.

Sponsored by the Oklahoma Cooperative Extension Service in cooperation with the Southern Regional Risk Management Education Center, the workshop series is designed to enable farm families to gain an objective view of their situation and develop positive, meaningful plans for the future, even across generations.

"To experience the full benefit, participants should attend both two-day workshops as a family to learn and work through the many dimensions of such serious decisions," said Damona Doye, Oklahoma State University Cooperative Extension farm management specialist.

Workshops are scheduled for March 27 and 28 and April 24 and 25 at the Northwestern Oklahoma State University campus in Alva.

"The registration deadline for the workshops is March 13," Doye said. "We're limiting enrollment size for each workshop to help maximize the amount of time we can spend on specific issues that are most important to participants."

A registration fee of $200 per family of four participants is required, and will cover the cost of two workshop notebooks, meals and refreshment breaks. Additional participants are $100 each. The registration is non-refundable.

To register, send a check with your name, address, phone, e-mail and the names of family members who will attend to the Woods County Extension Center, 407 Government St., Room 11, Alva, OK 73717-2260. Make checks payable to Woods County Extension.

"Participants are responsible for their own lodging arrangements," Doye said.

Workshop sessions will help participants understand the potential tax repercussions and legal issues involved with selling and transferring assets, compare business entity options, estimate financial needs in retirement, evaluate alternative strategies for transferring the family farm, determine the family's current financial position and identify productive ways of resolving potential conflicts.



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