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VERSION:2.0
PRODID:-//Farm Management Canada - ECPv4.9.7//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Farm Management Canada
X-ORIGINAL-URL:https://old.fmc-gac.com
X-WR-CALDESC:Events for Farm Management Canada
BEGIN:VTIMEZONE
TZID:"UTC"
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20190101T000000
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BEGIN:VEVENT
DTSTART;TZID="UTC":20191029T080000
DTEND;TZID="UTC":20191029T160000
DTSTAMP:20260502T092851
CREATED:20190906T181447Z
LAST-MODIFIED:20190906T181447Z
UID:10743-1572336000-1572364800@old.fmc-gac.com
SUMMARY:Agriculture Update for Professionals
DESCRIPTION:Agriculture Update for Professionals \nWe will start the day with a look at planning ideas for estates and wills. We’ll review the requirements for an estate as it relates to the death of a farmer: dispositions\, inventory\, rights or things\, no contest clauses etc. We will then do a deep dive into Capital Gains Exemption and Rollover planning for estates and look at variations in a will and its implications on eligibility. We will round out our discussion by considering options for trusts on the farms estate plan including minor beneficiaries and implications for the farm rollover. \nEvolution of the industry has resulted in many options for producers to manage their farm risk We will examine various risk management programs and complete a review of potential cash payouts\, benefits\, and pitfalls for each of these programs for the average farmer. \nThe seminar will also include a panel discussion to debate joint venture arrangements and the practical issues that arise for farms utilizing these structures. In past years\, we have discussed in detail how joint ventures can assist farmers in expanding\, provide economies of scale\, and reduce overall farm tax. Implementing these structures can prove difficult\, especially considering the variety between farms. We will discuss different joint venture structures\, operational considerations ie: equipment\, land\, labor as well as long term strategic considerations for joint ventures with an open dialogue be-tween our panel and attendees. The seminar will also include discussion on supplementary income as well as our usual tips/ traps / and revisited issues. \n
URL:https://old.fmc-gac.com/calendar/agriculture-update-for-professionals-2/
LOCATION:Lakeland College\, 2602 - 59 Avenue\, Lloydminster\, Alberta\, T9V 3N7\, Canada
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