north dakota farm/ranch transition planning program design, implementation & impact by: willie...
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NORTH DAKOTA FARM/RANCH TRANSITION PLANNING
Program Design, Implementation & Impact
• By: Willie Huot, NDSU• Extension Agent/Farm Business
Mgt. & Economics,
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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
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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
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Interactive Video Network Technology
• Now Available in nearly every county– Universities/colleges– Experiment stations– Extension Offices– Public schools– Hospitals– Law enforcement centers– Others
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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
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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
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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
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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
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Use of Web Site• www.ag.ndsu.edu/anniesproject
–Annie’s Project–Estate Planning Courses
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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
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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
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IVN Presentations
• Getting Started; Importance of Communication
• Farm Business Arrangements; Pros & Cons of different business structures
• Farm Estate & Succession Planning
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Farm/Ranch Transition Planning Sites; 2010 –2012
Williston
WatfordCity
Beach
Stanley
Killdeer
Dickinson
Minot
Washburn
Beulah
Mandan/Bismarck
Elgin
Bottineau
Towner
Cando
Devils Lake
Maddock
Carrington
Jamestown
Napoleon
Ashley Oakes FormanWahpeton
Lisbon
Valley City
Casselton Fargo
Grand Forks
Langdon
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Delivery Methods
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Local Presenters
• Attorneys• CPA’s• Judges• Certified Financial Planners• Others
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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
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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
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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
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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
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Distance Learning-Keys to Success
• Committed staff• Sponsorships• Electronic Delivery System• In-Service Trainings• Web site Usage• Facilitators Manual • Support from National Team