Brady & Hamilton attorney Garrett Couts will be one of three professionals speaking at the Northern Prairie Grazing Land Coalition’s (a chapter of the Texas Grazing Land Coalition) “The Next Generation of Ranching: Generational Transition Conference” scheduled for Monday, October 10, 2022, in Wichita Falls, Texas.
The Press Release and Informational Flyer from the Northern Prairie Grazing Land Coalition are below:
September 2022 NTFR
THE NEXT GENERATION OF RANCHING
Family farms and ranches form a foundation of American agriculture and support the values and viability of our rural communities. The sustainability of family farms and ranches is now being challenged by many trends, including among other factors, an aging agricultural producer population and taxes. The age of producers has increased substantially during the last 20 years. Planning by families for the preservation and succession of the family farm or ranch is complicated by legal issues, tax rules and family dynamics. In an effort to assist family farmers and ranchers, the Northern Prairie Grazing Land Coalition, a chapter of the Texas Grazing Land Coalition, is offering The Next Generation of Ranching: Generational Transition Conference.
The Northern Prairie Grazing Land Coalition (NPGLC) is a non-profit organization dedicated to supporting sound grazing land stewardship and assisting owners and managers of private grazing land. A key part of sustaining grazing land and family ranches is planning for their future operation and ownership. Transfer of the family farm or ranch to future generations is a difficult topic. As a result, many families fail to address the issue until the family member primarily responsible for the operation is unable to fill that role. By delaying the discussions and planning of these transitions, many attractive options are missed and sometimes the continuation of the family farm or ranch is put at risk.
The Generational Transition Conference will provide information and resources for families to address this difficult issue and begin planning for the succession of the family farm or ranch. The conference will be held in Wichita Falls on Monday, October 10, 2022.
This conference has been coordinated and organized by Chairman Steve Collins, and the Generational Transition Committee of Northern Prairies GLC. Capital Farm Credit is assisting with sponsorship, and Stephanie Fryer, a Relationship Manager with Capital Farm Credit, will serve as moderator at the conference.
At the conference, professionals, with expertise and experience in helping families develop a plan to meet their goals for their farm or ranch, will present information, options and resources available to develop a transition plan. Garrett Couts, an attorney with the law firm Brady & Hamilton in Lubbock, will address estate planning issues and options. Garrett comes from an agricultural background and his practice includes estate planning for family farmers and ranchers. Ethan Smith, a management consultant who works with family farmers and ranchers will address the management issues involved in succession planning. Brandt Self, a CPA whose practice focuses on agricultural clients, will discuss the tax aspects of transition planning.
The Conference is open to all family farmers and ranchers at no charge. However, seating is limited.
Information and registration can be found at The Next Generation of Ranching: A Generational Transition Conference (google.com).
For more information, see the Informational Flyer below (Download here):