Extension
It Starts With Us
Strong Healthy Economics
Financial Security
David Fourqurean, Amanda Dame
Securing Financial Stability (general)
Farm Management
Money Habitudes
McLean County residents fall below the state average medium household income, personal income, population living below the poverty line, unemployment and revolving debt loads (American Community Survey). Additionally, farm families are seeing low commodity prices and high input/ land prices. Due to the great risk involved in Ag, farmers and for all landowners the increased need to understand their financial situation and what level of risk they are able to take needs to be understood. It is important to acknowledge the impact of current economic conditions on family financial management. The goal is to help McLean County residents understand and respond to changing economic conditions, while promoting healthy financial behaviors across the lifespan.
2013 American Community Survey 5- year estimates, U.S. Census Bureau.
•There will be an increase in the number of families that are financially independent.
•Improve the quality of life for McLean County residents resulting in stronger families.
•Youth engaged in civic engagement, leadership, and career experience.
•McLean County residents will set up estate plans/maintain land within the family.
•Decrease in number of bankruptcies and farms lost due to financial issues.
•Number of clientele reporting improved family financial stability and economic well-being.
•Increase the number of clientele reporting improved privacy security measures and reduction in reports of financial fraudulent matters across the state.
•Individuals and families are increasing their income as well as maximizing income resources consumption.
•Improve the quality of life for McLean County residents resulting in stronger families
•Individuals will adopt short, mid, and long term financial planning strategies.
•Demonstrate one or more farm management skills learned from Extension programs.
•Adopt privacy protection measures; annual, semi-annual, or quarterly credit-checking practices; and better recognition of fraudulent attempts from outside sources.
•Improve employ practical living skills and continued education practices.
•Demonstrate practical living skills related to economic or enterprise development, as well as seeking to ascertain advance education credentials.
•Practice one or more resource management behaviors resulting in increased savings or investments.
•Residents will become more aware of basic money management.
•Farm Families will recognize enterprise budgets and estate planning.
•Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources.
•Participants will increase understanding of their consumer rights and privacy protection measures.
•Change knowledge, opinions, skills and attitudes to improve employ ability through practical living skills and continued education practices.
•Increase financial literacy related to savings and investments.
Evaluation:
Outcome: Short term
Indicator: Farm females will recognize enterprise budgets and estate planning.
Method: survey, focus groups and discussions.
Timeline: 3-6 weeks
Evaluation:
Outcome: Short
Indicator: Teens and adults will increase knowledge and skills related to managing available financial and non-financial resources.
Method: Survey, focus groups and discussions.
Timeline: 3 to 6 weeks
Evaluation:
Outcome: Short
Indicator: Teens and young adults will simulate life situations to recognize the importance of education and employability skills.
Method: Survey, focus groups and discussions.
Timeline: 3 to 6 weeks
Evaluation:
Outcome: Short
Indicator: Individuals will identify short, middle intermediate planning strategies to achieve set financial goals.
Method: Evaluation, survey, self-report
Timeline: 3 to 6 months
Evaluation:
Outcome: Intermediate
Indicator: Individuals will apply short, middle intermediate planning strategies to achieve set financial goals.
Method: Evaluation, survey, self-report
Timeline: 6 months to one year
Evaluation:
Outcome: Intermediate
Indicator: Practice one or more farm management skills learned from extension programs.
Method: Survey, follow up visit and calls
Timeline: 6 months to one year
Evaluation:
Outcome: Intermediate
Indicator: Practice one or more resource management behaviors resulting in increased savings or investment.
Method: Survey, follow up visit and calls
Timeline: 6 months to one year
Outcome: Intermediate
Indicator: Number of program participation reporting increased awareness of many management
Method: focus group discussion
Timeline: 3 – 6 weeks
Evaluation:
Outcome: Long-term
Indicator: Number of families reporting an increase in savings, emergency funds and or decrease in debt.
Method: Survey and personal interviews
Timeline: 3 to four years
Evaluation:
Outcome: Long-term
Indicator: Decrease in number of bankruptcies and farms lost due to financial issues
Method: personal interview
Timeline: 3 to 4 years
Evaluation:
Outcome: Long-term
Indicators: 2% of participants reporting improved family financial stability and economic wellbeing.
Method: Survey and personal interviews
Timeline: 3 to four years
Audience: McLean County Residents
Project or Activity: Newspaper articles, social media posts
Content or Curriculum: Managing in Tough Times Bits and Tips
Inputs: FCS agent, UK curriculum, specialist
Date: July 19 through June 2020
Audience: McLean County Students
Project or Activity: Kentucky Saves and Kentucky Saves Piggy Bank Contest
Inputs: Kentucky CES publications and resources, eXtension, Agents, volunteers.
Date: February 2020
Audience: McLean County Students.
Project or Activity: Reality Store
Content or Curriculum: It's Your Reality and Building a Healthy Wealthy Future.
Inputs: Agents, volunteers, community partners and schools.
Date: April 2020
