Upload
nacaa
View
124
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Overview of the 2012 Farm Bill 2012 NACAA AM/PIC Ag Econ Super Seminar Presentation
Citation preview
NACAA Super Seminar
Presented by Ruth Hambleton
Founder of Annie’s Project
July 18, 2012
North Charleston, South Carolina
Vision To bring financial security and well being
to women in rural communities where
food, fiber and fuel production are
synonymous with family.
Mission To empower farm women to be better
business partners through networks and
by managing and organizing important
information.
What Annie’s Project Does
• Safe Harbor
• Connection
• Discovery
• Guided intelligence
Method of Delivery
• Series of six classes
• Three hour in length
• First five classes are planned, the sixth meeting is at the discretion of the class.
• Curriculum is designed around the five areas of risk management as defined by USDA. – Production
– Financial
– Marketing
– Legal
– Human Resources
Method of Delivery
• Class size is between 8 & 25 women
• Partner with Extension, Government Agencies, and private business for teams of instructors.
• Women receive resources to bring them into the business world.
• Fill out a baseline survey which is used to measure impact (behavior change, knowledge change, attitude change.)
Method of Delivery
• Ideally would like to have the women
behind computers 5 of the six meetings.
intersection
farm
family
finance
estate planning
retirement planning
Investment
financial risk
Production Risk
Financial Risk
Market Risk
Human Resource Risk
Legal Risk
Family Life
Nutrition and Health Field
Resource Management
Family General
http://www.extension.iastate.edu/feci/annie/rd.html
Audiences
Mothers &
Daughters
Women Who are Siblings to Famers
Daughter-in-laws
Mother-in-laws
Women Dating Farmers
Newly
Weds Widows
Young & Old City, Rural, &
Farm
Women
Demographics
Marital Status
82%
4%
4%
10%
Married
Single
Divorced
Widowed
Business Structure
63%
21%
8%
4%4%
SoleProp
Partnership
S-Corp/C-Corp
LLC
Other/Trust
Income Category
30%
30%
16%
24%
less50
50-150
150-300
over300
Acres Owned
0%
10%
20%
30%
40%
50%
60%
70%
80%
0 1-500 501-
1000
1001-
1500
1501-
2000
2001-
2500
2501-
3000
3001-
3500
Acres Owned
Perc
enta
ge o
f P
art
icip
ants
Death
Divorce
Disability
Disagreement
Debt
Five Dangerous D’s
Information + knowledge = decisions
Incorrect information + knowledge = bad decisions
Correct information + no knowledge = bad decisions
Correct information + knowledge = no guarantees
Decision-Making Formula
Tools to Manage Risk • Insurance
– Liability/peril
– Life
– Disability
– Crop & Livestock Insurance
• Contracts
– Leases
– Production agreements
– Prenuptials
– Market sales contracts
• Emergency cash funds
• Communications
• Modified behaviors
Learning Resources
Financial Analysis Solution Tools Balance Sheet, Cash Flow, Depreciation, Land Purchase,
Breakeven Crops, Farm Rent Evaluator and others
AgPlan agplan.umn.edu
Farmdoc www.farmdoc.illinois.edu
Farmdocdaily www.farmdocdailey.edu
Colors® or True Colors®
Investing for Farm Families
Family and Consumer Economic Team
Leather Portfolio - $25
Embossed Pen - $2
Smart Phone- $200
Program - Priceless
Where Our Value Shines • Well organized information reduces stress.
– Tax time
– Insurance/input decision time
– Marketing decisions
– Deadlines
– Government Farm Service Agency role
– Landowner communications
– Loan preparation • Business plan—your road map
• Cash flow—your ability to generate income
• Income statement—were you profitable?
• Balance sheet—financial portrait of your business
– Transition and retirement issues
– Estate planning and settlement issues
History Annie’s Project began in February 2003
with a class of 10 women at Kaskaskia
College, Centralia, IL.
Current Program Status
ISU
Foundation
Other
Advisors
ANNIES ISU Extension
•Over sight of
Annie’s Project
•Training
Materials
•Course
Implementation
•Authority to
Monitor
Fundraising through the
NFP and IL AG Resource
Council (IL Agri Women
501 ©3)
25 State and Regional
Coordinators
120 Annie’s Project Facilitators
Sub committees •Industry Advisory
•Promotion •Programs
National Leadership
Policy Board
Annie’s Project Not for Profit
•Intellectual Property •Licensor
National Leadership Management Team
$
MOU
I
S
U
Financial Support
• Grant Funds – 10%
• Participant Fees – 13%
• Partners & Sponsors – 24%
• In Kind Support – 53%
10%
13%
24%
53%
Funding Sources
Grant Funds Participant Fees
Partners & Sponsors In-Kind Support
Program Cost $313 per Annie.
Cost Recovery
$75-$100 Registration fee (87% paid)
Local Sponsorships --Expense Review--
AgPlan Software $ online
FAST subscription $ online
Supplies & postage $ 35
Publicity & copy $ 15
Instructors travel & time $263
How Annie’s has Changed
1. Scope of Program—Nationwide (8,000)
2. National Sponsor—Farm Credit Council
3. Social Media—We are on Facebook
4. Structure of delivery—Partnerships
5. Structure curriculum for 2nd level program
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Managing For Today & Tomorrow Succession, Business, Retirement &
Estate Planning
2nd Level Annie’s Project
BFRDP
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
• Transition
• Retirement
• Business
• Estate Planning
Managing for Today and
Tomorrow
From a Woman’s Point of View
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Managing for Today and
Tomorrow • Support:
– USDA NIFA Beginning Farmer and Rancher
Development Program
– Farm Credit Council and Farm Credit Associations
• Genesis:
– Retiring farmers hold the keys of assets and
management which beginning farmers seek
– Women are influential in transition planning decisions
– Women seek understanding on transition planning
issues and resources to help start the process
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Overview
• Funded through a partnership with USDA
OASDFR, Beginning Farmer Rancher
Development Program (which is one of the
line items reduced in the 2012 farm bill)
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Overview
• $675,750 Federal Funds
• $192,285 Match from Partners
• Goal to educate 3,000 women and
beginning farmers and ranchers $290 per
each beginning, mid-career or retiring
woman farmer and rancher directly
served.
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
BFRDP Goal
• Support beginning, mid-career and retiring
farm and ranch women with educational
courses to:
– Improve profitability,
– Smooth the transitions of natural business
cycles,
– And encourage generational exchange.
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Expectations-All Partners • Curricula development
– Led by Ext educators with interested FC
partners
• Marketing and recruitment
– Led by FC with interested Ext partners
– Experience capture and stories
• Delivery of courses for women
– Both partners are fully engaged in delivery
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Timeline • First year
– Curricula
development
– Marketing
• Second and
third year
– Delivery,
evaluation,
impacts
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Year 1
• Introduction
• Curriculum identification
• Curriculum development
• Pilot course delivery
• Evaluation/revision
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Pilot Courses
• Pilot courses held:
– IL held one course
– MI held one course
– MO held two courses
– IA held three courses
• Expect to hold 3 more pilots in 2012:
– From among OH, NC, ND, PA, and WI
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
•A woman’s vision
•Define mission for her
•How goals can be different and still work
•Talking out loud about how and when
transitions take place.
•Fair and Equal discussions
•Empowering women to contribute and guide
Family discussions
What We Work On
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Examples of Exercises in Class
•Case study
•Financial documentation
•Goal setting
•Visioning oneself as a retired person—
what does that look like?
•And discussion
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
General Observations Pilot
Program
Fair vs Equal
Debt at a time when women want to retire
Insurance poor
Found the overview of transitioning useful
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Pilot Course Results
• We had 94 women participate in 7 courses held in 5
states.
• Participants ranged in age from 25 to over 75 years old.
• Participants met for one night each week for four weeks
and worked on all four areas of business transition
planning.
• Most participants had a family member who already did
or who wanted to come back to the farm.
• Several participants had no successor to the farm
business, yet realized the need to make a plan.
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Pilot Course Results • Participants began succession planning goals
for their families. The simple act of writing these
forced many to look at the issue in new ways.
– One woman crystallized her thoughts, as “I think my
highest goal was to explore how we are going to
transition our farm from my husband to our son and
his wife. We are in the process at this time, but now
that it's time to think about retiring, it's getting harder
to accomplish any long term planning. I think that
with the information you gave us and all the support
from your team, we can begin to plan on a longer
term basis.”
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Pilot Course Results – Another woman wanted to: “Determine how to best
pass on my farm to my children with the least
disruption to the farm.”
– A participant in a mid stage of farm business
development concluded that, “(We need to) develop a
plan for:
• 1) No children want to farm.
• 2) Both children want to farm.
• 3) One child wants to farm.
We are still at the stage where we are not sure
which if any of our children will want to farm, so we
need to be thinking about all of the possibilities.”
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Ames, Iowa Participants
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
Annie’s National Network Initiative for Educational Success (ANNIES) at Iowa State University Extension
www.extension.iastate.edu/annie
In Dedication to My Mother Annie’s project is based on the
life experiences
of a woman named
Annette (Kohlhagen) Fleck
(1922-1997)
On behalf of all the Annie’s, and for every one of the 8,000 women through this program. . .
Thank you!
Ruth Fleck Hambleton, Annie’s Daughter
Ruth Hambleton
Retired
Extension Educator, Farm Business Management & Marketing
University of Illinois Extension
Founder of Annie’s Project—Education for Farm Women
16591 N White Swan Lane
Woodlawn, IL 62898
Phone (618) 485 6711
Fax (618) 485 6710
Anniesproject.org