Launch Austin, MN

?? It's SBDC Day! ?? For over 40 years, America's SBDC Network has been empowering entrepreneurs, supporting veteran and minority business owners, and helping small businesses launch, grow, and thrive. Small Business Development Centers continue to be an invaluable resource for local businesses, providing expert guidance, training, and tools for success. ?? Thinking about starting or growing your business? Connect with Southeast MN Small Business Development Center and take the next step toward success! #SBDCDay

?? Thank You for an Amazing Farm Transition Workshop! ?? A huge THANK YOU to everyone who attended the Farm Transition & Estate Planning Workshop! ???? We are so grateful for the farm families, presenters, and partners who made this event such a success. Your engagement, thoughtful questions, and commitment to securing your farm’s legacy truly made this day special. A special shoutout to our incredible presenters from University of Minnesota Extension, Riverland Community College, and Southern Minnesota Initiative Foundation, who shared their expertise on goal setting, business succession, asset transfer, and estate planning. Your insights will have a lasting impact on family farms across Southern Minnesota! ?? Thank you to our event sponsors and partners: ?? DEVELOPMENT CORPORATION OF AUSTIN (DCA) ?? Austin Community Growth Ventures (ACGV) ?? Southern Minnesota Initiative Foundation (SMIF) ?? Riverland Community College Agribusiness ?? Mower County ? ?? Last, but certainly not least, Thank you to The Hormel Historic Home for the lovely venue and delicious food! We hope you left feeling empowered and ready to take the next steps in your farm transition journey. Stay connected with us for more resources and future events!

?? Tim Penny & Acres for Good – Live at the Farm Transition Workshop! ?? We’re excited to hear from Tim Penny, President & CEO of the Southern Minnesota Initiative Foundation (SMIF), as he shares insights on the Acres for Good program! This innovative program is designed to help farm families preserve their land for future generations while reinvesting in rural communities. ?? ?? Key Takeaways from this session: ? How to keep farmland in production for years to come ? Ways to ensure your land benefits local agriculture & economic growth ? Resources available through SMIF to help with transition planning

?? How to Transfer Assets & Plan for Retirement ?? One of the biggest challenges in farm succession is financial & estate planning. Today’s afternoon sessions focus on: ? Legal steps for a smooth farm transfer ? Retirement planning for the senior generation ? How to protect your farm’s future with proper estate planning ??? Thanks to Susanne Hinrichs and Nathan Hulinsky from University of Minnesota Extension for breaking down the key financial tools that every farm family needs to know!

We’re halfway through the Farm Transition Workshop, and the room is buzzing with great conversations! ?? This morning, we had the privilege of hearing from Lynn Hoffmann with Riverland Community College, who shared valuable insights on farm business succession and financial planning. His expertise is helping farm families create clear, actionable plans for the future! ?? Now, it’s time to refuel, connect with fellow attendees, and get ready for an afternoon filled with even more expert-led sessions on asset transfers, estate planning, and retirement strategies. Huge thanks to The Hormel Historic Home for providing a delicious lunch today! ???

?? Goal Planning & Family Communication We kicked off the Farm Transition Workshop with one of the most important parts of farm succession: family communication! ????? Key Takeaways from this session: ?? Set clear goals for your farm’s future ??? Communicate openly across generations ?? Address challenges early to avoid conflict later ??? Special thanks to Susanne Hinrichs and Nathan Hulinsky with the University of Minnesota Extension for sharing valuable insights on how to navigate difficult conversations and ensure a smooth transition for the next generation of farmers.

?? Today is the Day! ?? The Farm Transition & Estate Planning Workshop is happening RIGHT NOW! ?? We’re thrilled to welcome farm families from across Southern Minnesota as we dive into goal setting, business succession, asset transfer, and estate planning. Today’s workshop is all about securing your farm’s future and ensuring a smooth transition for generations to come. Stay tuned for updates throughout the day! If you’re attending, be sure to tag us in your photos and share your biggest takeaways! ??

What You’ll Learn at the Workshop? 1?? Goal Planning & Family Communication ??? 2?? Farm Business Succession ?? 3?? Transfer of Assets ?? 4?? Estate, Retirement & Healthcare Planning ???? Our expert-led sessions will help you navigate tough conversations, legal processes, and financial decisions so your farm remains in the family for generations. ?? Date: March 10, 2025 ?? Location: Hormel Historic Home, Austin, MN ?? Cost: FREE (Breakfast, lunch & social hour included!) ?? Register now: https://lnkd.in/gwBgxHYi

?? Know your audience, grow your business! Before you launch your next product or service, ask yourself: ?? Who is my ideal customer? ?? Where do they spend their time online? ?? What problems can I solve for them? A clear target audience means better marketing, higher sales, and stronger customer relationships. Need help defining yours? Check out our upcoming workshops and sign up for free business assistance through the SBDC at launchaustinmn.com! ??

?? 5 Myths About Farm Transition Planning—Busted! ?? ? "I’m too young to start planning." ? Farm transitions take years—start early! ? "We don’t need a written plan; we’ve talked about it." ? A verbal agreement isn’t legally binding. ? "My kids will figure it out." ? A clear plan prevents family disputes & legal troubles. ? "Farm transitions are only about finances." ? Communication & family goals are just as important! ? "We can wait until later to figure it out." ? Delays can put your farm at risk of financial loss. ?? Learn the truth & start your plan! March 10, 2025 | Austin, MN | ?? Free! ?? Sign up here: https://lnkd.in/gwBgxHYi