Creating a transition plan to make sure a farm continues as a productive, agricultural business can be challenging. Farm women can learn how to plan a successful farm business transition plan by attending a four-session course offered by Iowa State University Extension and Farm Credit Services of America. "Managing for Today and Tomorrow" is a new Annie's Project course being offered as a pilot project in Ames and Shenandoah this year. The course at both locations will be held on Monday evenings and begins on Monday February 27 and continues through Monday March 19.
Farm women will learn about business, estate, retirement and succession planning from ISU Extension specialists and area professionals. Besides brief presentations, there will be discussions based on participant questions and follow-up activities for family members to complete at home.
"I know how hard it can be to talk about passing on the farm," says Tim Eggers, ISU Extension ag economist. ''Managing for Today and Tomorrow' will teach women the terminology and tools to start that conversation or be active participants in it."
Teaching women the terminology and tools to get started on farm transition
Annie's Project, an agricultural risk management education program for women, has successfully reached more than 7,000 farmers and ranchers in 26 states. "This new curricula emphasizes the role women play in helping transition farms from one generation to the next," says Madeline Schultz, ISU Extension Value Added Agriculture Program coordinator.
During four weekly, three-hour sessions, farm women will learn about succession, business, estate and retirement planning. "Managing for Today and Tomorrow will empower women to take ownership of the future of their farms and ranches, particularly as it deals with the human resource and legal aspects of transitioning," says Shultz.
Angie Loew, Farm Credit Services of America financial officer in Carroll, Iowa, is a member of the curriculum development team. "I've worked with farmers for 24 years, know their questions and have seen the need for transitioning information," Loew says. "Offering a curriculum that involves local professional educators in the program delivery will better position families as they begin transitioning their operations."
Managing for Today and Tomorrow meets from 6 to 9 p.m. on Feb. 27, March 5, March 12 and March 19. The two Iowa locations are: 1) Iowa Western Community College Page/Fremont Center, 1001 W. Sheridan Ave, Shenandoah and 2) Iowa State University Campus, Ensminger Room, Kildee Hall, Ames.
Cost is $50 per person and you must pre-register by February 23
The cost is $50 per person, which includes a 260-page workbook filled with fact sheets, exercises, and presentations. A light dinner will be served prior to class start time. Course size is limited, and pre-registration is due by February 23.
For more information and to register call Lani McKinney at the Value Added Agriculture Program on the ISU campus at 515-294-2136 or email [email protected]. Or call Page County Extension at 712-542-5171 or toll free at 877-596-7243 or e-mail Heidi Carter at [email protected]. The course is limited to 20 women per site. Farm women may also register online at https://www.ucs.iastate.edu/mnet/annie/quickregister.html.
Managing for Today and Tomorrow is supported by the Beginning Farmer and Rancher Development Program of the USDA's National Institute of Food and Agriculture, Grant # 2011-49400-30584. More information can be found on the ANNIES website at www.extension.iastate.edu/annie.