Use of On-Line Videos for Farm Succession Education

1. Use of On-Line Videos for Farm Succession Education Presented at: 2013 Extension Risk Management Education National Conference April 3-4, 2013 Denver, Colorado Bob Parsons and Jesse Richardson University of Vermont West Virginia University/Virginia Tech

2. What Are These Videos? • Videos on Farm Succession Issues • Available on-line and on DVD • 5 videos on farmer experiences • 18 videos on related topics • Retirement, Income • Business organization • Wills, trusts, other topics

3. Why We Made Them • Need to extend impact of education • Workshop participants requested copies of material • For people who could not attend workshops • Allow education beyond the grant life • Provide reference for other educators

4. Process • Picked topics to address • Worked with practicing attorney • Developed scripts, reviewed by attorney • Filmed in studio • Edited by professionals • Final video on web available to everyone

5. Videos Available • Testimonials: • Sunrise Orchard • Willow Crossing Farm • North Williston Cattle Co. • Richardson Family Farm • Hall-Breen Farm • Topical Videos: • Planning for Retirement • Estate Planning • Types of Taxes to Consider • Divorce and the Family Farm • Sample Farm Business Transfer • Wills • Other Topical Videos: • A look at Trusts • Wills & Trusts: Differences • Conservation Easements • Assessing Financial Viability • Farm Business Agreements • Use of Buy-Sell Agreements • Defining the Business • Choosing a Business Entity • Limited Liability Companies • Fair vs. Equal Treatment of Heirs • Using Different Ownership Methods to Transfer the Farm

6. Final Product • 18 topical videos and 5 farmer testimonials • Available at: • www.uvm.edu/farmtransfer/ • To date, more than 1200 hits, 43 states, 5 countries

7. At: http://www.uvm.edu/farmtransfer/ Click on “Transferring The Farm Videos” Bob Parsons - Farm Transfer Issues 2013

8. Let’s Look at a Couple of Videos…