Working Group Tactics

  • 26 Mar 2024 7:44 AM
    Message # 13334760
    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.


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Administrative Address: PO Box 722, Shepherdsville, KY 40165
Official Address: 105 Corporate Drive, Frankfort, KY 40601

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