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LANCASTER — University of Missouri Extension will hold a workshop Aug. 23 and 24 on how to transfer your farm or business.

The workshop is 1 to 8 p.m. Aug. 23 and 9 a.m. to 4 p.m. Aug. 24 at various locations throughout the state.

Class are planned in Kirksville, Adair County Annex Building; Bethany, MU Extension Center in Harrison County; Mount Vernon, MU Southwest Research Center; Higginsville, MU Extension Center in Lafayette County; and Fulton, MU Extension Center in Callaway County.

Preregister by 5 p.m. Aug. 19.

The cost is $120 for one person and $60 for each additional person from the same business or family.

One set of materials is provided.

Fees cover a handbook with case studies, and forms for planning, developing financial statements and recordkeeping.

Meals are served Friday evening and Saturday at noon.

A minimum number of participants at each site is necessary to hold the class.

The interactive program streams electronically.

Participants will have the opportunity to ask questions.

A team of MU Extension educators with a variety of backgrounds in succession planning will lead the two-day workshop.

A Missouri probate judge and a certified financial planner also lend their expertise to the program.

This class will help owners of farms and small businesses begin making a plan to transfer their farm or business to the next generation.

Darla Campbell, MU Extension agricultural business specialist said topics include, but are not limited to, setting goals, assessing a farm’s or business’s strengths and weaknesses, the probate process in Missouri, estate planning tools, calculating retirement needs.

For more information, contact Campbell at (660) 457-3469 or campbelld@missouri.edu.

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