1. Online Investment Education for Farm Households Jason Johnson - Texas AgriLife Extension Ruth Hambleton - University of Illinois Extension Bob Wells and Tim Eggers - Iowa State University Nancy Porter - University of Clemson

2. The project is guided by a team of 14 members from 10 states and USDA/CSREES. http://collaborate.extension.org/wiki/OIE_Team http://collaborate.extension.org/wiki/OIE_Team

3. Percent of Agricultural Producers Experiencing Financial Stress Now or Will Within the Next 3 Years Experiencing Stress NowWill Experience Stress – Next 3 Yrs.

4. Changes in Documentation Required of Producers Requesting Financing from Lenders in Recent Months

5. Investing for Your Future Online Investor Education for Farm Households – Financial Industry Regulatory Authority Investor Education Foundation Annie’s Project role in piloting IFYF for Farm Families Farm Crew: Tim Eggers, Ruth Hambleton, Bob Wells, and Jason Johnson

6. What We’ve Learned – Internet Access

7. What We’ve Learned – Internet Usage

8. What We’ve Learned – Products & Investments

9. What We’ve Learned – Investment Portfolios

10. Asset Allocation and the “Lessons of Monopoly.”

13. IFYF for Farm Families Units 1-11 Increased confidence in off farm investment principles and products

15. Activity #1 - Complete the Emergency Financial First Aid Kit. Objective - Identify and organize all pertinent financial documents. This serves as a checklist, record, and organizational tool for important accounts, contacts, account numbers, and policies. Beneficiaries are reviewed for relevant accounts.

16. Activity #2 - Complete an Integrated Business Balance Sheet & Personal Net Worth Statement. Objective - Combine personal and business assets/liabilities so that personal and business asset allocation can be examined separately or together.

18. Activity #3 - Complete the “Ideal” and “Current” Asset Allocation Review Objective - Review alternative asset classes in a portfolio approach framework. Compare desired asset allocation strategy with current asset allocation strategy to identify possible areas to expand investments to become more diversified. Ideal AllocationCurrent Allocation

19. Activity #4 - Complete the Estimated Expenses & Emergency Cash Reserves Worksheet Objective - Estimate monthly family expenditures and identify the appropriate emergency cash reserves to be retained in readily available savings accounts.

20. Activity #5 - Evaluate “on-line” and “brick and mortar” money market, certificate of deposit, savings, and checking account options. Objective -Identify the most appropriate source for providing these services. Identify higher-interest earning accounts and institutions compared to existing providers.

21. Activity #6 - Obtain a free credit report detailing personal credit history and credit accounts. Objective - Examine credit history, open lines of credit, available credit limits, and current balances related to personal financial accounts. Check for errors and inspect all current liabilities.

22. Activity #7 - Obtain UCC (Uniform Commercial Code) Lending Records Objective - Search UCC Records to determine if personal or business property has been pledged or is encumbered. Use UCC records to discover the availability of assets for attachment or seizure and the financial relationship between entities.

23. Activity #8 - Objectively Evaluate Insurance Needs (life, health, disability, etc.) Objective - Assess insurance needs. The emphasis here is to determine your needs and then practice consumerism to find the best provider and cost combination.

24. Activity #9 - Complete the Investment Risk Tolerance Quiz (for each financial decision maker in the family/operation). Objective -Assess risk tolerance for those instrumental in the financial responsibilities of the family and business.

25. Activity #10 - Evaluate local brokerage and “on-line” discount brokerage options. Objective -Evaluate the alternative brokerage options to facilitate investments in bonds, stocks, exchange traded funds, and other investment assets “off the farm.”

26. Activity #11 - Complete the Retirement Estimator for Farm Families Objective - Estimate the income needs and potential sources of funds for a comfortable retirement.

27. Activity #12 - Evaluate alternative Individual Retirement Account (IRA) types for individuals and alternative retirement plans for businesses. Objective - Compare retirement program type details to ensure that participants are utilizing the most appropriate plans for their individual and business circumstances.

28. Activity #13 - Complete the Estate Planning Questionnaire and Farm Asset/Management Transfer Plan Objective - Assess the current value of the estate, titling of assets, and communicate farm asset management plans.

29. Activity #14 - Evaluate Potential Financial Advisors using the Financial Advisor Questionnaire Objective - Evaluate the credentials, services, and compensation basis for potential financial advisors. This activity will help you make informed decisions about engaging a potential financial advisor based on the information they provide.

30. What are we evaluating Effectiveness of the online curriculum for its users Overall design of the online program (simplicity) Activities contained within online program Content of the program relevant to the topic Navigation and instructions of the online program Logistical and performance items of the online program

32. How will we evaluate Participants Emailed an invitation to complete a 25 question survey Facilitators Follow up phone interview March-May 2009