Governor-Controlled Fund Gives $200,000 to Program That Helps Farmers With Estate Planning
ByJohn Hult
A program that helps farmers pass their operations along to their children got a $200,000 boost from a South Dakota government fund under the exclusive control of the governor.
Republican Gov. Larry Rhoden said in a Monday press release that the Future Fund grant to the South Dakota Ag Foundation’s “Keep Farmers Farming” initiative will make it easier for families to manage “essential estate and transition planning.”
“Keep Farmers Farming is making sure that our kids and grandkids keep South Dakota agriculture strong for generations to come,” Rhoden said in the press release. “It’s about transferring more than just assets — it’s about passing down experience, work ethic, morals, and history.”
It’s the second financial boost from state government for the transition planning program.
Prior to her departure for Washington, D.C., to serve as U.S. Homeland Security secretary, former Gov. Kristi Noem’s office gave a $200,000 grant to the Ag Foundation to “administer, market, and grow” the foundation’s estate technical assistance work. That included transferring the program from First Dakota National Bank to the foundation.
Rhoden spokeswoman Josie Harms said in an email on Monday that the earlier money came from the Governor’s Office of Economic Development’s Rural Development Portfolio. South Dakota Searchlight asked for further specifics, because the office’s website doesn’t appear to list a program or fund matching that name. A letter of agreement provided on Monday by the office lays out terms and scope of work, but does not specify which program the money came from.
Noem announced the initial award to the program during her 2024 State of the State address. She said the idea to back and expand the estate planning program was born of an informal work group of agricultural leaders convened “to brainstorm ideas on how the state and the ag industry can more actively support the next generation of ag producers.”
The number of participating families in the program has grown from 54 to 125 since that announcement, Rhoden’s news release says.
The foundation that runs the program was founded in 2015 as what its website describes as an “independent, industry-led nonprofit.” Alan Hojer, who runs the program for the foundation, says he works with families directly to help them decide what legal or professional help they might need as they prepare to pass along their operations.
The grant funding from the governor’s office helped cover program expenses and hire a second consultant to work with families in 2025, Hojer said. Between the new grant and additional recent awards from Farm Credit Services of America and Pioneer Bank and Trust, he said, “we’re looking to add another consultant in 2026.”
Monday’s announcement is the second in a month from Rhoden on his use of the Future Fund, a pool of money meant to be used “for purposes related to research and economic development for the state,” according to state law. The governor has the sole authority to decide on grants from the fund, which is built from a tax on employers.
On Dec. 10, Rhoden announced that he’d given $1 million from the Future Fund to help develop two business parks in Aberdeen.