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Scenes from The University of Rhode Island

‘Transferring the farm’ is topic of URI workshop March 16

Media Contact: Todd McLeish, 401-874-7892

KINGSTON, R.I. -- February 24, 2006 -- The University of Rhode Island will host a workshop on March 16 aimed at helping farmers minimize farm business succession risks. It will be of particular interest to farm families, as well as land trusts and others interested in the future of farms and rural lands in Rhode Island.

Called “Transferring the Farm,” the event will be held from 8:45 a.m. to 3 p.m. at the University Club, 95 Upper College Rd., Kingston.

Transferring the Farm is an introductory financial planning and risk management workshop designed to help farm families make informed decisions about transferring the farm to the next generation, according to Ernest Morreira of the URI Cooperative Extension, who is organizing the program along with Kenneth Ayars, chief of the R.I. Division of Agriculture. Farm families and owners of agricultural lands, as well as agricultural service providers and organizations interested in agricultural land acquisition are encouraged to attend.
The program will address retirement and estate planning, taxes and legal issues, and it will review effective strategies and tools to determine how best to transfer farm assets. Presenters will include regional and local legal and estate planning professionals, as well as representatives from agricultural land preservation programs, including the Rhode Island Agricultural Lands Preservation Program and area land trusts. Local farmers that have undertaken farm transfer processes will lead a panel discussion.

Sponsors of the program include the URI College of the Environment and Life Sciences, the URI Cooperative Extension, the Rhode Island Division of Agriculture, and the University of Vermont Center for Sustainable Agriculture.

The workshop fee is $15 per person, if postmarked by March 6th, or $25 after that date, and includes registration, handouts and lunch.
Registration through the UVM Center for Sustainable Agriculture is required. A program brochure and registration form is available at www.uvm.edu/landlinkvt. For more information contact Ernest Morreira at 401-874-4280 or morreira@uri.edu.