You can check the latest information on farm financial management at a University of Minnesota Web site. There’s information on the latest farm management software. You’ll also find new farm management publications written by educators with the University of Minnesota Extension Service. Topics include transferring the farm, estate planning and a land rent survey of southern Minnesota counties. A series of publications on transferring the farm covers topics such as factors to consider before transferring the farm, farming together, partnerships and corporations. It also addresses selling real estate, gifting farm assets, tax considerations, treatment of heirs, help for beginning farmers and writing a transfer plan. Another series on estate planning details establishing a will, gifting assets, trusts, income tax issues, life insurance and steps in estate settlement. The land rent survey report gives detailed information on cash rents in 27 southern Minnesota counties. The Center for Farm Financial Management Web site address is www.cffm.umn.edu.
