1 / 31

NORTH DAKOTA FARM/RANCH TRANSITION PLANNING Program Design, Implementation & Impact

By: Willie Huot, NDSU Extension Agent/Farm Business Mgt. & Economics,. NORTH DAKOTA FARM/RANCH TRANSITION PLANNING Program Design, Implementation & Impact. Situation. State Population 642,000 Majority of people live in 10 population centers Large part of population live in near Eastern

asta
Download Presentation

NORTH DAKOTA FARM/RANCH TRANSITION PLANNING Program Design, Implementation & Impact

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. By: Willie Huot, NDSU Extension Agent/Farm Business Mgt. & Economics, NORTH DAKOTA FARM/RANCH TRANSITION PLANNINGProgram Design, Implementation & Impact

  2. Situation • State Population • 642,000 • Majority of people live in 10 population centers • Large part of population live in near Eastern • Rapid growth in Western counties (Oil patch) • 33 of 53 counties less than 6000 population • 40 of 53 counties less than 10,000 population

  3. Distance Education Technology • Started in 1991 • Universities & larger counties • Has continued to grow in locations & Usage • Majority of population is familiar with technology • University usage has continued to expand

  4. Interactive Video Network Technology • Now Available in nearly every county • Universities/colleges • Experiment stations • Extension Offices • Public schools • Hospitals • Law enforcement centers • Others

  5. Uses of ND Interactive Video Network(IVN) • Annual Tax Management Seminars since 1990 • Marketing outlook sessions • Market Club Education Opportunities • In-Service training sessions • Annie’s Project in 2006 • Launched Estate Planning in 2010

  6. Annie’s Project in ND2006 - 2011 • Over 1,000 women participated • Delivered via Interactive Video Network & local presenters • Effective & efficient delivery system • Revealed the need for expanded education on “Farm/Ranch Transition & Estate Planning

  7. We Learned ThatInteractive Video- • Can be used as an effective delivery tool • Greatly reduces costs • Can be challenging if used exclusively for the delivery method • Requires scheduling many months in advance • Requires special skills for presenters

  8. Planning Process • Steering Committee • Frequent Conference Calls • In-Service Training Sessions • Spring (Daylong) • Evaluation & Next year’s initial Site Selection • Fall ( Over two days) • Details for upcoming session • Computer training

  9. Use of Web Site • www.ag.ndsu.edu/anniesproject • Annie’s Project • Estate Planning Courses

  10. Farm/Ranch Transition Planning • Patterned somewhat after Missouri Model • Pilot Project in 2010 • Six Sites • Delivery & Resources • IVN • Local Experts • Note book of resource materials • Web Sites

  11. Format • Thee sessions each 3 hours long • Half of content delivered via IVN • Half of content delivered via local experts • Registration fee $55 - $75 • Major topics • Communication • Farm & Ranch Business Arrangements • Succession Planning &Asset transfer strategies

  12. IVN Presentations • Getting Started; Importance of Communication • Farm Business Arrangements; Pros & Cons of different business structures • Farm Estate & Succession Planning

  13. Farm/Ranch Transition Planning Sites; 2010 –2012 Bottineau Langdon Cando Williston Stanley Minot Devils Lake Towner Grand Forks Maddock Watford City Washburn Killdeer Carrington Beulah Valley City Casselton Fargo Jamestown Beach Mandan/Bismarck Dickinson Napoleon Lisbon Wahpeton Elgin Oakes Ashley Forman Farm/Ranch Transition Planning Sites; 2010—2012

  14. Delivery Methods

  15. Local Presenters • Attorneys • CPA’s • Judges • Certified Financial Planners • Others

  16. Program Shifts for 2011-2012 • Focused primarily on Farm/Ranch Transition • Kept delivery methods the same • More emphasis on showcasing online resources • Developed Facilitators manual

  17. Impacts • Over 860 participants @ 29 sites • 98% Indicated major gain in knowledge • 94% Intend to initiate/advance their asset transfer plans • 92% Increased their comfort level in communicating with their family member re: estate planning topics

  18. Electronic Delivery Advantages • Gets all facilitators “on the same page” • Unifies the program state wide • Reach multiple sites simultaneously • Increases program visibility • Efficient use of resources • Greatly reduces program costs

  19. Electronic Delivery Challenges • Restricts where project can be offered • Technical problem possibilities • Reduces “face-to-face” delivery • Requires precise timing at all sites • Technology acceptance not universal

  20. Distance Learning-Keys to Success • Committed staff • Sponsorships • Electronic Delivery System • In-Service Trainings • Web site Usage • Facilitators Manual • Support from National Team

  21. Questions or Comment? Contact Willie Huot NDSU Extension Service Willie.huot@ndsu.edu

More Related