Entity & Organizational Charts
In this module, you will learn the difference between entity and organizational charts, what should be included in each, who should be involved in developing the charts and how they benefit the farm transition planning process.
Approximate Time to Complete This Module:
-Video Lessons: 8 minutes 30 seconds
-Worksheet/Activity Estimated Time: 2-3 hours
Consultant Roles
In this module, you will learn the role of a consultant in the farm transition planning process. The module will cover the role of a CPA, attorney, financial advisor or other third-party facilitator.
Approximate Time to Complete This Module:
-Video Lessons: 4 minutes 34 seconds
-Worksheet/Activity Estimated Time: >1 hour
Contracts
In this module, you will learn the importance of contracts as part of your farm transition planning process. The module covers land leases, purchase and sales agreements and provides a contract checklist.
Approximate Time to Complete This Module:
-Video Lessons: 6 minutes 43 seconds
-Worksheet/Activity Estimated Time: >1 hour
Insurance
In this module, you will learn the importance of insurance as part of your farm transition planning process. The module covers what to consider for healthcare and long-term care and other coverages to consider.
Approximate Time to Complete This Module:
-Video Lessons: 2 minutes 30 seconds
-Worksheet/Activity Estimated Time: >1 hour
Recordkeeping
In this module, you will learn the importance of records and recordkeeping as part of your farm transition planning process. The module covers key documents to be stored, contacts lists, resource inventory, desired gifts and bequests and general recordkeeping.
Approximate Time to Complete This Module:
-Video Lessons: 5 minutes 37 seconds
-Worksheet/Activity Estimated Time: 1-3 hours
Risk Management and Contingency Planning
In this module, you will learn about risk management for agricultural operations and identify different types of risks and mitigation tools. Throughout the module, you will complete a risk management plan using the risk management workbook.
Approximate Time to Complete This Module:
-Video Lessons: 23 minutes 9 seconds
-Worksheet/Activity Estimated Time: 3-4 hours
Dairy
Browse topics such as dairy cattle nutrition, breeding, disease prevention, grazing management, financial management and more.
Business Structures
This module covers common business structures like sole proprietorships, LLCs and partnerships, with links to IRS resources. It includes a worksheet to help brainstorm possible business structures for farming operations.
Approximate Time to Complete This Module:
-Video Lessons: 9 minutes 16 seconds
-Worksheet/Activity Estimated Time: >1 hour
Job Descriptions
In this module, you will learn the importance of job descriptions and organizational charts for your operation. You will explore the benefits of both, parts of a job description, how to review and update them, and their role in performance evaluation.
Approximate Time to Complete This Module:
-Video Lessons: 6 minutes 39 seconds
-Worksheet/Activity Estimated Time: 2-4 hours
Cash Flow Budgets
In this module, you will learn about the cash flow budget and how it is a powerful management tool for the farm transition planning process.
Approximate Time to Complete This Module:
-Video Lessons: 6 minutes 38 seconds
-Worksheet/Activity Estimated Time: 2-4 hours