2014 Legacy Project Event Series - Moline, IL

Moline, Illinois
Wednesday, July 16, 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. Estate Tax Provisions: Key Strategies
                          
Paul Neiffer, Clifton Larson Allen

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

1:45 - 2:30 p.m. The Legal Side of Succession Planning
                         
David Wierman, Wessels Law Office

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.  


David G. Wierman 
was born in Peoria, Ill., and graduated from Peoria
Notre Dame High School. 
He attended the University of Iowa, obtaining his
Bachelor of Arts degree in 2004. David attended the 
University of South
Dakota School of Law, earning his Juris Doctor in 2008. In law school, David
was 
president of the Client Counseling and Negotiation Board and was
recognized with the CALI Award for 
the highest grade in Elder Law. David is
admitted to practice in Iowa and Illinois, as well as the United 
States District
Court for the Southern District of Iowa and the United States Court of Appeals
for the 
Eighth Circuit. He worked for the Iowa Attorney General’s Office before
entering private practice in spring 2010. David 
joined Wessels Law Office, P.C.
as an Associate in September 2011. He currently belongs to the Scott County
and Rock 
Island County Bar Associations, and he is also a member of the The
Network: Young Professionals of the Quad Cities. 
David’s practice includes the
areas of business law, estate planning, trust administration and farm
succession planning.

 

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.