Representatives from
a number of agricultural organizations gathered in Denver on May 28th
to learn of a new service being offered in Colorado - Farm and Ranch Succession
Coordination. This meeting was convened by Guidestone
and Colorado State University’s
Building Farmers in the West
team to announce the team of Farm and Ranch Succession Coordinators that were recently
certified through the International Farm
Transition Network
(IFTN), an organization that has been spearheading farm succession efforts
since 1990. John Baker, founder and current president of IFTN, made a
presentation about farm succession planning as a service to help retiring
farmers and ranchers across Colorado design a transition plan to meet their
family and financial goals.
Attendees at the
meeting learned about Guidestone’s Colorado Land Link program and the role of farm succession
planning in transitioning Colorado’s agricultural resources and heritage into
the hands of next generation farmers and ranchers. The need for this service is
stark in Colorado where the average age of principal farm and ranch operators
across the state has risen to 58.3, as reported by the 2012 USDA Census of
Agriculture. This also amidst a population growth boom in Colorado that is
three times the national average, which places intense development pressures on
our agricultural resources and the families that manage them. Farm succession
coordinators can be instrumental in facilitating farm and ranch families
through the step-by-step process of creating a succession plan that will keep
Colorado’s agricultural lands vibrant and in production.
The
newly certified Colorado Farm Succession Coordinators will engage in continuing
education programs with Colorado State University to ensure they can effectively
help Colorado’s farm and ranch families through this process. Additionally a
list of professionals, who have expertise in working with Colorado farmers and
ranchers and developing
the legal and financial instruments crucial to a succession plan, is being
organized for referral.
A published list
of Certified Farm Succession Coordinators will be soon available on the
Guidestone website.
For more information
or to seek out a Farm and Ranch Succession Coordinator who fits your needs,
please contact David Lynch, Colorado Land Link Director at David@GuidestoneColorado.org or 719.966.2237
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