National Extension Risk Management Education Conference
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National Extension Risk Management Education Conference Phoenix, AZ April 17-18, 2007 PowerPoint PPT Presentation


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National Extension Risk Management Education Conference Phoenix, AZ April 17-18, 2007 Mary Sobba and Parman Green Ag Business Specialists, University of Missouri Extension. Project began…. 2004. Something more than just estate planning Something more than retirement planning

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National Extension Risk Management Education Conference Phoenix, AZ April 17-18, 2007

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National extension risk management education conference phoenix az april 17 18 2007

National Extension Risk Management Education Conference

Phoenix, AZ

April 17-18, 2007

Mary Sobba and Parman Green

Ag Business Specialists, University of Missouri Extension


Project began 2004

Project began…. 2004

  • Something more than just estate planning

  • Something more than retirement planning

  • More than just passing the farm to the next generation

  • Realistically, many farmers continue farming past 65, so what can be included for those farmers

  • Something that can be shared via Web


Curriculum includes

Curriculum includes

  • Estate Planning

  • Retirement Issues

  • Transition Planning

  • To Be Continued ……. Adapting for the proud, the few, the stubborn farmer


Estate planning

Estate Planning

  • Identify & Prioritize Goals & Objectives

  • Identify Tools & Provisions for Meeting Goals

  • Compile a Balance Sheet

  • Complete an SOS

    “Special Organized Stuff” … for Heirs

  • Estimate Potential Estate Tax and Settlement Costs


Retirement issues

Retirement Issues

  • Written retirement goals

  • Completed timeline analysis

  • Review of retirement trends

  • Analyze health care and advanced directives, long term care, health insurance

  • Written action plans


Transition planning

Transition Planning

  • Identify strengths & weaknesses of the operation that will affect succession of the farm

  • Identify what you hope to accomplish through Succession Planning

  • Outline a Succession Plan

  • Understand differences in business organizational entities


To be continued adapting for the proud the few the stubborn farmer

To Be Continued . . . Adapting for the proud,the few, the stubborn farmer

  • Learn safe techniques for farm tasks

  • Learn how to do a hazard assessment

  • Identify resources for assistance

  • Identify the essential elements of a basic lease agreement


Class details

Class details

  • Based on 12 hours of instruction (usually 4 sessions)

  • Can be taught via interactive tv, but important to have specialists/educators at each site for discussion and to answer questions


Class details1

Class details

  • Market classes early through media and local agribusinesses

  • Opportunity to partner with Extension Human Environmental Sciences Financial Specialists, and local professionals

  • Fee - $60 per person or $75 per farm


Curriculum

Curriculum

  • Program is online at http://agebb.missouri.edu/goldenage/

  • Instructor and student manuals are online and password protected, but readily available to extension instructors. Just contact the presenters


Curriculum1

Curriculum

  • Evaluation / Impact

  • All Extension specialists/educators are being highly encouraged to show impact and results of their teaching. This curriculum has built in evaluation tools.


Future

Future

  • The curriculum is online and we continue to make updates (that are dated) and plan to keep the site going for at least the next three years, then it will be reevaluated.


National extension risk management education conference phoenix az april 17 18 2007

Mary Sobba

[email protected]

(573) 581-3231

Parman Green

[email protected]

(660) 542-1792


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