1.
Producer training tactic: Create a statewide training plan for farm succession/generational transition that reflects long-term goals to develop understanding about vision for future and includes:
a.
business planning with five and 10 year goals.
b.
case studies as a training tool.
c.
normalize transition planning discussion prior to death.
2.
Communications tactic: Communicate simple examples of estate planning and online/ in-person training to simplify process and keep land in ag. Need one-on-one consultation to understand legal options with list of available providers. See examples from UK FCS attached to email, provided by Steve Isaacs.
3.
Federal tactic: Pursue federal funding and policy change around tax planning, life insurance planning, USDA grants to protect young farmer, asset protection for farmer selling, etc.
4.
Mentoring tactic: Establish a mentoring program for new farmers with 4-year degree or with background working on farm to connect with experienced farmers and/or funding. Consider non-generational farmers and the time of the mentor.
5.
Farm internship tactic: Encourage farmers to develop internships and mentorship programs, coordinate list for matching. Consider KY law change in around three years in a mentorship as not being taxable for the years in the mentorship for unrelated individuals
6.
Marketing tactic: Create marketing plan to normalize the farm transition planning discussion, provide peer-to-peer connection, and disseminate information through FSA, Extension, Commodity Groups, et al about transition process and material that's available (Extension, Farm Bureau, UK FCS bite-size material, et al.
a.
Team approach works best at the county-level: lawyer, CES, financial planner, etc.
b.
Consider need for list of providers.
c.
Communicate the amount of farmland that is being lost and challenges to young farmers through commodity orgs.