UW-Madison Extension presents comparison of farm succession strategies for farm succession professionals

The University of Wisconsin-Madison Division of Extension is partnering with the Wisconsin Farm Succession Professionals Network (WiFSPN) to present a webinar that compares the success of farm succession strategies. This session will present the research and offer practical steps forward for farm families and their consulting professionals as they begin the succession planning process.

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Extension Farm Management Fridays webinar series begins January 8, 2021

As the new year approaches, many people tend to re-evaluate their financial situation and decide if or how they need to make changes. This holds true for farm businesses, also. The University of Wisconsin-Madison Extension is hosting a series of webinars for farmers and agribusinesses to improve business profitability and lifestyles through informed decision-making. Farm Management Fridays webinars are a part of Extension’s Farm Ready Research winter programming for farmers and ag professionals.

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End of Year Considerations and 2020 Tax Planning for Farmers

As 2020 approaches an end, cash basis farmers may need to seek trusted advice for year-end considerations. Various financial factors contributed to a year that saw many challenges including a world-wide pandemic. Farmers have several tools available to assist with managing their tax liability, however some of these tools need to be taken advantage of prior to December 31, 2020.

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PPP Loan Forgiveness– Live webinar offered Dec. 11th on what farmers need to know

It’s year-end financial and tax planning time for a many Wisconsin farms, which means gathering all the receipts and documentation needed for the accountant or tax preparer. Farms that obtained a Paycheck Protection Program (PPP) loan through an independent lender, administered by the Small Business Administration (SBA), may also find this to be a good time to review the application steps for PPP loan forgiveness. Farmers with questions about making forgiveness applications can join a live web meeting on Friday, Dec. 11 at 11 a.m.

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UW-Madison Extension presents farm viability webinar for farm succession professionals

Farmers may be “On the Fence” in this current economic climate. “On the Fence” means they are not sure which direction their business should be moving. Should they move forward and push through short-term cash flow issues? Or are they in need of protecting their equity for themselves or future generations? The University of Wisconsin-Madison Division of Extension is partnering with the Wisconsin Farm Succession Professionals Network (WiFSPN) to present a webinar that will focus on how to help farm clientele evaluate their farm’s long-term viability.

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