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THE FARM AND RANCH SURVIVAL KIT PROGRAM

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THE FARM AND RANCH SURVIVAL KIT PROGRAM – PowerPoint PPT presentation

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Title: THE FARM AND RANCH SURVIVAL KIT PROGRAM


1
THE FARM AND RANCH SURVIVAL KIT PROGRAM
  • Susan Kerr, WSU-Klickitat County Extension
  • Brian Tuck, OSU-Wasco County Extension Service
  • Cheryl Cosner, Oregon Livestock Producer

2
Location
3
(No Transcript)
4
Situation/Issues Facing Clientele
5
Need for financial management education, but...
  • Discomfort discussing financial issues in a
    public forum
  • Time pressures
  • Distance/travel costs
  • Age--driving at night
  • Workshop costs
  • Varied needs

6
Program Development Process
  • Discussion with producers developed concept of
    Farm Ranch Survival Kit
  • WSU/OSU cooperative effort
  • Obtained USDA RME grant
  • Hired program coordinator
  • Sent direct mailing to 1200 ag, forest and open
    space landowners in Mid-Columbia
  • 165 officially enrolled many more participants

7
Participants
  • Commercial operators
  • Small acreage operators

8
Outputs (Program Activities)
9
A. Newsletter installments
  • 1. Business planning
  • 2. Financial planning
  • 3. Interpersonal relationships
  • 4. Farm succession
  • 5. Taxes and insurance planning
  • 6. Marketing

10
B. Web page development
  • 1. Subset of Small Farms web site
  • 2. http//extension. oregonstate.edu/wasco/
    smallfarms/
    RiskManagement.php

11
C. Workshops

12
Outcomes (Impacts)
13
Evaluation via Survey
  • 30 response rate
  • Respondents from 16 different counties in the
    Northwest owned and/or managed 28 different
    agricultural enterprises represented 77,220
    acres under management
  • On a scale from 1 to 5 (1 being none and 5 being
    a great deal), how much useful knowledge did you
    gain as a result of your participation in this
    project? 3.78

14
What will you do differently following this
workshop?
  • Decrease overhead.
  • Invest more time looking at business to see what
    is losing money.
  • Eliminate non-profitable enterprises.
  • Begin estate planning and meet with family
    members to discuss issues of succession and find
    out what next generations expectations might
    be.
  • Make educated decisions vs. guesses and hope!
  • I will be able to provide better information
    when approaching my lending institution. I can
    project which crops would be best for our land.
  • Get my husband to figure out if its cost
    effective to buy machinery or farm.

15
What changes have you made as a result of your
participation in this project?
  • Started/completed a business plan (14)
  • Holding regular family meetings (7)
  • Analyzed my financial situation with my lender
    (10)
  • Started/completed an estate/succession plan (16)
  • Made changes to better manage stressful periods
    in my life (13)
  • Reviewed my insurance policies to determine if I
    have appropriate coverage (17)
  • Started/completed a change in our business
    structure (7)
  • Started/completed a marketing plan for my farm or
    ranch (11)

16
Other Impacts
  • Extension educators at the Louisiana State
    University AgCenter will use farm succession
    materials from the Farm and Ranch Survival Kit
  • The Farm Family Support Network has linked its
    Web site to the Farm and Ranch Survival Kit Web
    site
  • Wyoming Department of Agriculture included farm
    succession installment in their Estate Planning
    Handbook for the states agricultural producers
  • Distribution of Austin Family Business Center
    workbooks to participants

17
Quotes from Participants
18
  • I feel like I went from knowing nothing to be
    able to make intelligent decisions.
  • Were holding family meetings to discuss goals
    and objectives for use of our family property.
    Also working with financial planner to look at
    long-term financial objectives.
  • We have prioritized what needs to be done first
    in setting up our farm. We are starting from
    scratchas in bare land with no improvements.
  • Very good information. Real world stuff. Will
    have a value when used.
  • Useful and practical info. Seems transferable to
    various situations and enterprises. Very
    convenient program.

19
Future Directions
20
  • WA-OR Farm Succession program 30,000 from the
    USDA-RMA Western Center for Risk Management
    Education
  • NxLevel and Cultivating Success programs
  • Livestock enterprise budgets
  • Economic development funding requests
  • Financial management and estate planning
    educational program partnerships with community
    colleges and Small Business Development Center

21
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