In 2008 the first class of Annie’s Project was offered to Delaware women, with subsequent classes offered in Kent and Sussex in 2010 and 2011. The University of Delaware Cooperative Extension is pleased to announce that the 2012 Annie’s Project class has been scheduled at the Carvel Research & Education Center in Georgetown. Click here to view photos of past graduates and general information about Annie’s Project.
Annie’s project is designed to empower farm women to manage information systems used in critical decision making processes and to build local networks throughout the state. The target audience is farm women with a passion for business and involvement in the farm operation.
Project Topics cover the five areas of:
- Risk Management –Production
- Financial, Legal Risk
- Human Resources
Annie’s Project will be held Wednesdays, January 25 to March 14, 2012. (This includes two days in computer lab Feb. 15 and Feb. 22). All sessions will be located at the Sussex County Extension Office, Carvel Research & Education Center,
16483 County Seat Highway, Georgetown, Del. 6 to 9 p.m. $75.00 per person: Includes dinner and all course materials. Dinner will begin at 6 p.m. with social and networking sessions beginning promptly at 6:30 p.m.
For registration information email Tracy Wootten or call her at 302.856.7303 (office) or 302-236-0298 (cell) or visit the website at www.anniesproject.umd.edu. Download the mail in registration form
Click here to download Annie’s Project 2012 brochure and class schedule
January 25 Session One
6:30pm – Annie’s Project Introduction
6:45 pm – Women in Farm Business: A Personal Experience
Ashley Winterstein, Queen Anne’s County
7:00pm – How Property is Titled: Who Else is in business with you?
Lori Lynch, University of Maryland
We will discuss the different forms of ownership or property titling that impacts the rights of each and every person: Sole Proprietor, Joint Tenancy; Rights of Survivorship; incorporation versus Partnership. Some issues related to passing on the farm and estate tax will also be investigated.
8:15pm – Colors Personality Test
Tracy Wootten, Horticulture Agent, University of Delaware Extension
The Personality I.Q. workshop is a spinoff of the Myers-Briggs Type Indicators. Using a simple series of word associations, participants will acquire a deeper understanding and insights of their personality style and work type. Hopefully this leads to clearer perceptions about ourselves and the different gifts we each bring to our families, work groups and personal relationships.
February 1 Session Two
6:30pm – Crop Insurance
Jackie King, King Crop Insurance
Purchasing a crop insurance policy is one risk management option that farm businesses cannot ignore. This session will focus on available policies, coverage levels and how a policy will work in conjunction with other risk management strategies.
7:00pm – Understanding your Farm Insurance Policy
Kurt Fetterman, Nationwide Insurance
Farming can be a risky business therefore farms should take measures to protect themselves. This session will focus on insurance topics and policy information regarding liability protection and risk management. It will also suggest points to ponder including off premises and ATV as well as production liability insurance, agri-tourism enterprises and equine operations.
8:00pm – 2009 USDA FSA Update
Robin Talley and Jennifer Feindt, USDA Farm Service Agency
There have been many changes to current (FSA) Farm Service Agency programs and new programs will be added as part of the 2008 Farm Bill. Learn more about these programs and how these changes may implicate your decision making and farm planning.
Become an Informed Agricultural Producer!!
February 8 Session Three
6:30 pm – Business Planning
Shannon Dill, Agriculture Educator, University of MD Extension
Planning is essential to any business, no matter how large or small your inventory, payroll and bank account. To be sustainable and profitable a farm operation must have a clear understanding of production, marketing, finances and labor. Having these plans mentally is not enough!
Taking time to formulate thoughts, evaluate your business, devise a strategy, and anticipate possible problems will help your business be successful.
8:30 pm – Computer Basics and Minimizing Technology-Related Risk – Part 1
Nan Stenzel, Regional IT Coordinator, University of MD Extension
Computer technology provides many benefits to business/farm operations; however, there are also many risks. Learn about computer basics, internet access options, online security, and securing your data.
February 15 Session Four
6:30pm – Credit Reports
Anne Camasso, Extension Educator, University of Delaware Extension
Credit history or credit report is a record of an individual’s past borrowing and repaying, including information about late payments and bankruptcy. When you fill out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. Therefore, it is important that you understand credit reports and know your credit score. We will cover how to read and access your credit report.
7:00pm – Computer Basics and Minimizing Technology-Related Risk – Part 2
Nan Stenzel, Regional IT Coordinator, University of MD Extension
Computer technology provides many benefits to business/farm operations; however, there are also many risks. This session will be hands-on in the computer lab. Learn about computer basics, internet access options, online security, and securing your data. We will also cover basic spreadsheet operations using Microsoft Excel.
February 22 Session Five
6:45pm – Computers and Your Farm Business
Laurie Wolinski, Extension Educator, University of Delaware Extension
Computers can increase farm efficiency by managing financial and production records. This session will help you apply Excel and QuickBooks to your farm business. Learn how to set up Excel spreadsheets to maintain records. Practice with QuickBooks financial software to improve your farm business.
February 29 Session Six
6:30pm – Straight Talk about Farm Transfer
Crystal Terhune, Extension Educator, University of MD Extension
When communicating with family members and other heirs about farm transfer, many issues and tensions can arise. This segment will highlight some resources that you can access to make these communications more effective. Resources will include information about mediation programs, fact sheets to guide you through specific aspects of talking with others about the future of your farm, and handouts pointing you to trusted online sources of information.
7:00 p.m. Class’s Chosen Topics
March 7 Session Seven
6:30pm – Tax Considerations for Farm Businesses
Henry Leonard, CBIZ
Understanding tax laws is important for every farm business. This session will address farm tax planning as well as common errors made by agriculture operations. Information from the Farm Tax guide and the personal experience of a CPA will help you understand tax planning for your farm.
7:00pm – Estate Planning
Buck Smith, Esquire – Smith Feinberg McCartney & Berl, LLP
An effective estate plan ensures that you and those you care most for will enjoy the security of your assets. This in-depth discussion focuses on “best practices” to preserve your life’s holdings, ensure their efficient transfer to your beneficiaries and meet family objectives.
Attendees will learn: Wills, Living Wills, Powers of Attorneys – What they do- and don’t do; When to update?, How to protect your assets from death taxes and nursing home care costs, Your options for paying for home care and assisted living care, Keeping the peace: Ideas for reducing conflict among family members, Stretch IRA- reducing tax liability over multiple generations, Special issues unique to farmland and farming businesses, What you can start doing now to prepare for the possibility of your death or disability.
March 14 Session Eight
End of Class Evaluation
8:00pm – Developing Grain Marketing Plans
Jenny Rhodes, Extension Educator, University of MD Extension
This session will teach you how to develop a solid grain marketing plan for your farming operation. Emotions can affect your marketing decisions. Adding just 10 cents to your bottom line could increase your net income by 33-50%. This grain marketing plan session will include costs of production, knowing where to start marketing, financial goals, crop insurance coverage, storage capacity, projected production, and pricing tools.
Funding for this project was provided by the Northeast Center for Risk Management Education, the USDA National Institute of Food and Agriculture, UMD Extension and DE Cooperative Extension. This material is based upon work supported by USDA/NIFA under Award Number 2010-49200-06201.