2014 Legacy Project Event Series - Omaha, NE

Omaha, Nebraska
Monday, July 14, 2014

 

2014 Agenda*

The Legacy Project Family Workshops are designed to give farming families
actionable information, tools and strategies to start the succession planning
process. The format offers comprehensive discussions of technical issues
where critical conversations must occur. The session concludes with action
plans and resources participants can tap to complete the journey. The goal
is for participants to leave with the confidence that, although challenging, it
is a doable process worth working on to the finish line.

8:00 - 8:45 a.m. Registration

8:45 a.m. Welcome and Program Overview

9:00 a.m. Constructing a Succession Plan
               Dick Wittman, Farm Journal Legacy Institute Advisory Team,
               president of Wittman Consulting and Idaho farmer

  • Taking inventory of your current situation
  • Having critical conversations with key stakeholders
  • Identifying alternative future scenarios

10:00 - 10:15 a.m. Break

10:15 - 12:00 p.m.  Constructing a Succession Plan
(continued)

12:00 - 12:45 p.m. Lunch

12:45 - 1:30 p.m. The Legal Side of Succession Planning
                           Tim Moll, Rembolt Ludtke LLP

1:30 - 1:45 p.m. Break with Refreshments

1:45 - 2:30 p.m. Estate Tax Provisions: Key Strategies
                         
Paul Neiffer, Clifton Larson Allen

2:30 - 3:30 p.m. Actionable Steps for Executing a Succession Plan
                        
Dick Wittman, Farm Journal Legacy Institute Advisory
                        Team, president of Wittman Consulting and Idaho farmer

  • Planning and executing a family meeting
  • Building your family and business data profile
  • Differentiating succession planning from estate planning
  • Building a post-retirement cash flow
  • Creating and managing a collaborative succession planning team

 3:30 - 4:00 p.m. Question and Answer Session with All Speakers

4:00 p.m. Closing

*The agenda is tentative and subject to change.

Speaker Bios

Dick Wittman manages a 19,000-acre crop, cattle and timber operation in 
Idaho and also provides consulting services on a part-time basis to 
farmer/ranchers and agribusinesses. After receiving degrees in ag 
economics from the University of Idaho and an MBA from the University of 
Utah, Dick worked for the Farm Credit System from 1972 to 1980 concluding 
his lending career with the Farm Credit Administration in Washington, D. C., 
where he supervised Farm Credit operations covering 17 states in the East, 
Midwest and southern U. S. Dick has consulted throughout the U. S., Canada 
and Australia on financial management, developing management systems and 
solutions for business relationship/transition problems. In January 2004, he 
released a 271-page guidebook entitled Building Effective Farm Management 
Systems. The guidebook provides a toolkit for commercial-size family farm 
businesses to define their ultimate vision and put in place a professional 
management and transition process that will lead to that goal. Dick is a
founding 
member, director and past president of the Pacific Northwest Direct
Seed 
Association; has been an active leader and director on several industry, 
community and financial institution boards; and is an adjunct faculty member
of 
Texas A&M University, teaching annually at The Executive Program for 
Agricultural Producers (TEPAP) in Austin, Texas, since 2003 and the King
Ranch 
Institute. He is a past president and member of the board of the Farm
Financial 
Standards Council and serves on the national Ag Carbon Markets 
Working Group, 
which provides policy development leadership on climate
change legislation 
impacting agriculture.


Paul Neiffer
 was raised on a dryland wheat and pea farm near Walla Walla,
Wash. He was actively 
involved in the farming operation during his teen and
early college years. Paul’s favorite part of farming 
was driving the combine
during summer harvest. He still goes back to Walla Walla almost every
summer 
to drive his cousin’s newer combine. Paul went to the University of
Washington and obtained a degree 
in business administration with a
concentration in accounting. He started working with Moss Adams in 
Yakima,
Wash., in the early 1980s. Paul then started a CPA firm in Bend, Ore., with
two other partners 
and was an owner for about nine years. Since 1998, Paul
has been located in central Washington and provides tax and 
accounting
services for many types of farms, as a partner with CliftonLarsonAllen. Paul
was also actively involved in 
running a plastic packaging and printing business
for about five years before it was sold in 2004. Although it was not a 
farming
operation, many of the management lessons learned there also apply to
farming. Paul currently owns farmland 
that is being rented for corn and
soybeans and enjoys driving the combine during harvest. Paul is now part of
the fourth 
American generation involved in farming and hopes the next
generation will be involved, too. 


Timothy L. Moll
 is a partner with the Nebraska law firm of Rembolt Ludtke
LLP. He works out of the 
firm’s offices in Seward and Lincoln. He practices
in the areas of taxation, municipal finance, entity 
planning, estate planning
and probate administration. He received his Bachelor of Arts degree in
business 
administration from Concordia College, Seward, Neb., and his
Juris Doctor with highest distinction from 
the University of Nebraska College
of Law. He is an adjunct tax professor at the University of Nebraska 
College
of Law and a regular presenter on tax and estate planning topics. He is a
fellow of the American 
College of Trust and Estate Counsel, a fellow of the
Nebraska State Bar Foundation and a board member and past president 
of
the Great Plains Federal Tax Institute. He lives in Seward with his wife, Sara,
and five children. He is a member of the 
Rock Lutheran Church in Seward
and serves on the board of regents for Concordia University Nebraska.

 

Contact Information

Payment Instructions

  • Please make checks payable to:
    Farm Journal Media
    Attn: Tony Smith
    102 MacKinlay Kantor Dr.
    Webster City, IA 50595

    All payments, including checks, must be received 1 week prior to the event, or your registration will be cancelled.

    Your registration is 100% refundable through June 16, 2014. From June 17 - June 30, your registration is 50% refundable. Sorry, no refunds after June 30, 2014.