1. NORTH DAKOTA FARM/RANCH TRANSITION PLANNING Program Design, Implementation & Impact By: Willie Huot, NDSU Extension Agent/Farm Business Mgt. & Economics,

7. 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

8. 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

9. Interactive Video Network Technology Now Available in nearly every county –Universities/colleges –Experiment stations –Extension Offices –Public schools –Hospitals –Law enforcement centers –Others

10. 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

11. Annie’s Project in ND 2006 - 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

13. We Learned That Interactive 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

14. 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

15. Use of Web Site www.ag.ndsu.edu/anniesproject –Annie’s Project –Estate Planning Courses

17. 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

19. 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

20. IVN Presentations Getting Started; Importance of Communication Farm Business Arrangements; Pros & Cons of different business structures Farm Estate & Succession Planning

22. Farm/Ranch Transition Planning Sites; 2010—2012 Farm/Ranch Transition Planning Sites; 2010 –2012 Williston Watford City Beach Stanley Killdeer Dickinson Minot Washburn Beulah Mandan/Bismarck Elgin Bottineau Towner Cando Devils Lake Maddock Carrington Jamestown Napoleon Ashley Oakes Forman Wahpeton Lisbon Valley City Casselton Fargo Grand Forks Langdon

23. Delivery Methods

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

26. 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

27. 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

28. 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

29. 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

30. Distance Learning-Keys to Success Committed staff Sponsorships Electronic Delivery System In-Service Trainings Web site Usage Facilitators Manual Support from National Team

31. Questions or Comment? Contact Willie Huot NDSU Extension Service Willie.huot@ndsu.edu