1. A Quick Review

2. Annie’s Participants requested
more information on:
 Crop and Livestock Marketing
 Record Keeping Systems
 Farm/Ranch Transition Planning
 Retirement Planning

3. Overall objectives; Participants will
 Gain a better understanding of the importance of
transition planning & improve their communication
skills for this process
 Learn on many tool, resources & expertise that will be
useful for them to utilize
 Gain the confidence & the desire to begin/improve a
transition plan for their farm/ranch business.

4. Farm/Ranch Transition
& Estate Planning
 Patterned somewhat after Missouri model
 Pilot project in 2010
 Six sites
 Delivery & resources
 IVN
 Local experts
 Note book of resource materials
 Web sites

5. Progress to date
 Offered five times since it was launched
 March 2010
 Dec 2010
 March 2011
 Dec 2011
 March 2012
 Offered in over 30 location throughout the state
 800 people have participated

6. Farm/Ranch Transition
Planning March 2010 –
March 2012
Bottineau Cavalier
Towne
r
Williams McHenry
Mountrail Ramsey
Ward
Grand
Benson Forks
McKenzie
McLean
Foster
Mercer
Dunn
Stutsman
Golden Burleigh Barne Cass
Valley Morton s
Stark
Logan Ranso
Grant m Richlan
d
McIntos Dickey Sargent
h

7. Planning Process
 Steering committee
 In-service training sessions
 Spring (daylong)
 Evaluation & next year’s initial site selection
 Fall ( over two days)
 Details for upcoming sessions

8. Use of Web Site
www.ag.ndsu.edu/anniesproject
 Annie’s Project
 Farm/Ranch Transition Planning

9. Format
 Thee sessions each 3 hours long
 40% content delivered via IVN
 40% content delivered via local experts
 20% interactive discussion, activities
 Registration fee $55 - $75
 Major topics
 Communication
 Succession Planning &Asset Transfer Strategies
 Business arrangements, shaping your legacy

10. IVN Presentations
 Getting Started; Importance of Communication
 Farm Estate & Succession Planning; tax & economic
consequences of asset transfer strategies
 Farm Business Arrangements; shaping your legacy

12. Local Presenters
 Attorneys
 CPA’s
 Judges
 Certified Financial Planners
 Others

14. Online Resources Introduced
 https://www.agtransitions.umn.edu/
 http://rightrisk.org/
 http://www.ces.purdue.edu/farmtransfer/
 http://www.ag.ndsu.edu/ndestateplanning

15. Financial Overview
 No Extension staff receive additional $$ for being
involved in the project
 Non Extension presenters receive honorariums
 No major sponsors
 Registration fees - $55 for individual;
 ($15 EACH for spouses /others up to 2 additional)
 Additional $25.00 for late registrations

16. Financial Overview (Continued)
 All revenues from registrations sent to central
location.
 Counties receive reimbursement for:
 Local speaker honorariums
 Refreshments
 Room rent

17. What participants have said
 “Overall, very educational, thanks”
 “Not one presenter was trying to sell us anything. We
got factual information from reputable sources”
 “It is a topic that is difficult to know where to begin &
this gave lots of information about it and insight into
what needs to be done”

18. For 2012/2013
 Focus primarily on Farm/Ranch Transition
 13 sites scheduled for Fall (Nov 29, Dec 6 & Dec 13
Ashley, Beach, Carrington, Carson, Center, Crosby, Hettin
ger, Killdeer, Mandan, Mott, Napoleon, Wahpeton, Willist
on
 11 sites (to date) scheduled for Spring (Feb
9, 16, 23, 2012)
 Dickinson, Fargo, Forman, Grand Forks, Valley City
 Registration fees remains the same

19. Registration process
 Registration via brochures
 Online registration also available
 No registration by phone
 Not registered until $$ has been received
 Late fees apply after deadlines