Have farmland prices peaked? What is the right rent for my farm? What do I need to know if I want to pass down my farm to a family member –or sell it outright? Local speakers from the legal, insurance and real estate industry will be on hand in Muncie, Ind., on March 2, 2015 to explore these issues at a free seminar, to be held at the Heartland Building at the Delaware County Fairgrounds, 1210 Wheeling Avenue, in Muncie, IN. The event will begin at 6:30 p.m., and is sponsored by the Halderman Companies and Old National Bank.
Speakers at the seminar will include: Gary Chapman, attorney at Bose McKinney & Evans LLP, on “The Essentials of Estate Planning and Ownership Transition”; Gary McCall, vice president of Estate and Business Planning for Old National Insurance, on “Ownership Transition and Estate Planning in the Agricultural Market”; and Howard Halderman, president of Halderman Farm Management and Real Estate, on “2014 Auction Results and the Current Market.”
The seminar is free but reservations are required. Reservations can be made by calling 1-800-424-2324 or emailing tonib@halderman.com. Light refreshments will be served.
“As anyone who owns a farm knows, keeping it going day to day is a complex affair. Passing ownership on to another party raises a lot of questions—regarding inheritance taxes, succession planning, contractual requirements, fair pricing of the property, and when to time the sale, just for starters,” said Chapman, who is the chair of the Bose McKinney & Evans Real Estate Group and Agricultural Law Group, and a member of the firm’s Estate and Wealth Transfer Planning Group. “The mix of speakers we have at this seminar should help farm owners look at a potential transaction from a variety of angles, and come away with some information they can use to get started,” Chapman added.