June 29, 2005
Helping North Carolinians with the tobacco buyout
For North Carolinians with any connection to tobacco, the world changed Oct. 22, 2004, when President George W. Bush signed legislation creating the Tobacco Transition Payment Program, better known as the tobacco buyout.
The legislation eliminated a federal tobacco program that had been in existence since the 1930s. Beginning with the 2005 crop year, there would be no restrictions on tobacco production, and price supports and quotas would no longer exist. And tobacco growers and quota holders would be paid for tobacco quota grown or owned.
It may not have been immediately apparent last fall how much change the buyout would bring, but now, well into the 2005 crop year, it is apparent that the world of tobacco will never be the same.
Primarily through North Carolina Cooperative Extension, the College of Agriculture and Life Sciences is working to help North Carolinians adapt to and prosper in the new world the buyout is bringing.
Beginning this year, approximately $3.9 billion will pour into North Carolina over a 10-year period, says Dr. Blake Brown, Hugh C. Kiger Distinguished Professor of Agricultural and Resource Economics. The money, raised through quarterly assessments on tobacco product manufacturers and importers, will come to tobacco growers and tobacco quota owners. Approximately 75,000 North Carolinians will receive payments, which will be made in 10 equal, annual installments. Nationwide, the buyout will pay tobacco growers and quota holders approximately $9.6 billion over 10 years.
“This is a lot of money coming into our state,” says Brown. Indeed, he believes the amount to be unprecedented.
Brown, a tobacco policy expert who jokes that the buyout has eliminated his job, was instrumental in organizing a series of informational events designed to help North Carolinians receiving buyout checks.
First, on March 11, Brown organized a workshop designed for Extension agents covering wise investing, tax implications, legal issues and charitable giving. The half-day workshop was televised and broadcast from the Department of Communication Services on the North Carolina State University campus and made available to agents at locations across the state.
Dr. Celvia Stovall, Extension specialist in Family and Consumer Sciences, covered avoiding con artists out to bilk buyout recipients of their money, while Dr. Arnie Oltmans, a tax expert in the Department of Agricultural and Resource Economics, talked about tax implications for buyout recipients. Ted Feitshans, an attorney and Extension Specialist in Agricultural and Resource Economics, covered the legal implications of the buyout, and Dr. Mike Walden, William Neal Reynolds Distinguished Professor and Extension economist, talked about investing. Steve Watt, Director of Gift Planning in the CALS Foundations Office, talked about charitable giving opportunities.
Brown, Oltmans, Feithsans and Watt then took to the road with a series of workshops designed for tax preparers and other financial consultants, the people who will advise buyout recipients. Workshops were held May 5 in Winston-Salem, May 6 in Fletcher at the Mountain Horticultural Crops Research and Extension Center just outside Asheville, May 10 in Lumberton and May 11 in Wilson. With the exception Fletcher, the events drew standing room only crowds. A Web site with buyout information was also developed: http://www.tobaccobuyout.cals.ncsu.edu.
The workshops were an effort to reach an audience that was a manageable size. Providing information to all 75,000 buyout recipients was seen as an impossible task, Brown says, but it was possible to reach the people who are likely to advise recipients.
Yet in the end, Brown was able to reach all North Carolina buyout recipients. The information provided in the workshops was distilled into a pamphlet, and Brown engineering a partnership with the North Carolina offices of Secretary of State, Treasurer and Attorney General and the state Department of Agriculture and Consumer Services to send the pamphlet in early June to every buyout recipient.
Agricultural and Resource Economics faculty also conducted 11 regional tobacco grower meetings between December and February that addressed the buyout and provided growers with business tools to help them decide whether to keep growing tobacco and last November in Raleigh held a two-day training session on the buyout and related issues for extension agents with tobacco responsibilities.
As Oltmans said repeatedly in his tax presentations, virtually every recipient’s financial situation will be different and may require a different approach, which is why recipients should seek sound financial advise. Yet thanks to Extension, buyout recipients now are acquainted with the issues and know what questions to ask.
June 27, 2005
Tobacco quota holders must act quickly to defer taxes
North Carolinians who own tobacco quota and are due to receive tobacco buyout payments may defer payment of taxes they'll owe on their buyout payments by exchanging the payments for property, according to a North Carolina Cooperative Extension tax expert.
But buyout recipients who wish to take advantage of this opportunity must act quickly, said Guido van der Hoeven, a Cooperative Extension specialist in the College of Agriculture and Life Sciences at N.C .State University.
The Internal Revenue Service allows tobacco quota holders who receive buyout payments to take advantage of what are called like-kind exchanges, said van der Hoeven. A quota holder may exchange the buyout payment he or she is due to receive for commercial or investment real property. Examples of eligible property include farmland, timber land, rental real estate or an interest in a Real Estate Investment Trust, or REIT, where the REIT issues a common tenancy deed for the investment.
Van der Hoeven explained that a quota holder who enters into a like-kind exchange will be able to defer the taxes they would otherwise have to pay on the buyout payments. Quota holders must pay capital gains taxes on the money they receive for their quota.
Beginning this year, the tobacco buyout will pay approximately $3.9 billion to roughly 75,000 North Carolina tobacco quota holders and growers. Buyout payments will be made in equal annual installments over a 10-year period. The money will come to tobacco growers and tobacco quota owners as the tobacco price support system that dates to the depression comes to an end.
Tobacco growers will receive $3 per pound of quota grown, while quota owners will receive $7 per pound of quota owned. Quota is sometimes described as a license to grow tobacco.
Only quota owners are eligible to enter into like-kind exchanges. Van der Hoeven said a recent IRS notice sets what is called the transfer date for flue-cured tobacco quota. The transfer date is the earlier of either June 30, 2005 or when the U.S. Department of Agriculture, which is distributing buyout payments, accepts a contract to buy out the quota owned by a taxpayer. Similarly, all other tobacco quota holders have a transfer date of the earlier of Sept. 30, 2005 or when USDA accepts a contract to buy out quota from the taxpayer.
The transfer date is important, said van der Hoeven. He explained that the IRS spells out financial and logistical steps that must be taken within specified time frames if a buyout recipient is to enter into a like-kind exchange successfully. These steps must be taken within time frames that begin with the transfer date.
The funds received for the tobacco quota holding taxpayer must not be constructively received by the taxpayer. Funds from the buyout must go to a qualified intermediary and held for the purpose of the like-kind exchange. (Assignment of funds to the qualified intermediary can be made using the CCC-95 form. This form should be executed and filed with the Farm Service Administration as soon as possible to prevent actual or constructive receipt of the first buyout payment.)
Replacement property must be identified within 45 days of the transfer date. This information must be given to a qualified intermediary in writing. The exchange property (tobacco quota) is given up for the new identified property (commercial or investment real estate). Using June 30 as the transfer date for a flue-cured quota owner, the replacement property must be identified by Aug. 14, 2005.
The completion or closing of the property must occur within 180 days of the transfer date. Again, using June 30 as the transfer date, the taxpayer must, through a qualified intermediary, close on the replacement property by Dec. 28, 2005.
If these crucial steps are not followed, the like-kind exchange fails, and taxpayers must pay tax on their gains. Van der Hoeven said taxpayers, especially flue-cured quota holders, must act quickly if they want to defer the tax consequence through the use of a like-kind exchange.
Van der Hoeven stressed that like-kind exchanges are not do-it-yourself transactions. He strongly recommended that quota holders who wish to take advantage of a like-kind exchange contact a financial professional for help with the transaction.
Further guidance on like-king exchanges is expected in Internal Revenue Service Bulletin 2005-27, to be issued July 5.
- Dave Caldwell
Ort to be recognized at national Epsilon Sigma Phi meeting
Dr. Jon F. Ort has been named southern region winner of Epsilon Sigma Phi’s Administrative Leadership Award. He will be honored at the organization’s annual meeting in Colorado Springs in November.
He is director of the North Carolina Cooperative Extension Service, associate dean of North Carolina State University’s College of Agriculture and Life Sciences and assistant vice chancellor for extension and engagement.
Epsilon Sigma Phi is a national organization dedicated to fostering standards of excellence in the national extension system and developing the extension profession and professional. Extension is an educational partnership of the nation’s land-grant universities, county governments and U.S. Department of Agriculture.
Ort was recognized for his success in building teams to plan, implement, promote and support educational programs that are relevant and responsive to high-priority 21st century needs. With the help of 80,000 volunteers, Cooperative Extension’s faculty and staff, serving all 100 counties and the Cherokee Reservation, make 2.5 million face-to-face educational contacts annually to enhance North Carolina’s economy, environment and quality of life.
Writing in support Ort’s nomination by the North Carolina chapter of Epsilon Sigma Phi, Dr. Ronald A. Brown, the executive director of the Association of Southern Region Extension Directors, noted, “Not only is Dr. Ort a quality individual and leader, he knows how to be successful. ... He focuses on the goals of the organization rather than himself; he is competent, builds up others, develops good partners and teams, and does not get distracted by unimportant activity. He is articulate, honest, dependable and professional.”
Ort has served as Cooperative Extension director since 1995. He holds a bachelor’s degree in zoology and master’s and doctoral degrees in poultry nutrition from The Ohio State University. He joined the faculty of N.C. State University’s Department of Poultry Science in 1979.
-- Dee Shore
N.C. State faculty members inducted into extension academy
Three faculty members in the College of Agriculture and Life Science and North Carolina Cooperative Extension Service were among eight recently inducted into North Carolina State University’s Academy of Outstanding Faculty Engaged in Extension.
Induction into the academy recognizes and promotes the collaborative and interdisciplinary contributions of faculty working in extension activities across the university.
This year’s inductees from the Ag and Life Sciences are:
· Debbie Roos, agricultural agent, Chatham County
· Dr. Dale Safrit, 4-H Youth Development Department
· Dr. Fred Yelverton, Crop Science Department
Other academy inductees and their colleges are:
· Dr. H. John Barnes, College of Veterinary Medicine
· Dr. Mary Louise Bellamy, College of Physical and Mathematical Sciences
· Dr. Lisa Grable, College of Education
· W. Scott Payne, College of Natural Resources
· Dr. Michael Stoskopf, College of Veterinary Medicine.
In addition, A. Ray Harris, Carteret County Extension director, was among nine others who received Outstanding Extension Awards. The awards recognize outstanding faculty and employees engaged in meaningful and beneficial collaboration between the university and external partners and communities.
June 23, 2005
Extension administrators named at A&T
Sheilda Sutton is named executive assistant to the administrator for the Cooperative Extension Program at N.C. A&T State University; Celvia Stovall is named associate administrator.
Sheilda B. Sutton has been named executive assistant to the administrator for the Cooperative Extension Program at North Carolina Agricultural and Technical State University effective June 20. During the past year, she served as the interim associate administrator.
In her new position, Sutton will continue to provide leadership for change management and marketing of the Cooperative Extension Program at A&T State University in collaboration with North Carolina State University, facilitate the planning, implementation and evaluation of Innovative Program Grants, develop and maintain advisory networks to facilitate the achievement of excellence in the Cooperative Extension Program and streamline and maintain internal operational procedures and policies in the Cooperative Extension Program.
Effective June 20, Dr. Celvia Stovall joined the Cooperative Extension Program at A&T as associate administrator. Stovall received her doctorate in family resource management at the University of Minnesota. She holds a master of science degree in family life education from Louisiana State University, and a bachelor of science degree in family and consumer science from Central Michigan University. In addition, she is a Certified Family and Consumer Scientist, Certified Military Instructor and Certified National COLOR Matrixx Trainer.
Stovall brings to this position a wealth of knowledge and experience in program development, budget management and research development. Since 2003, she has served as family resource management specialist for N.C. State University. She began her career as a secondary education teacher and later joined Cooperative Extension at Louisiana State University as associate county 4-H agent.
She also worked as an Extension educator/training specialist at Auburn University. At the University of Tennessee, Knoxville, she worked as the Project GRAD site coordinator, associate director of African-American Achievers Scholarship Program, associate professor for retail and consumer science, president for C.D. Enterprises and tenured associate professor/state family economic specialist.
New appointments for CALS
Steve Leath has been named director of the North Carolina Agricultural Research Service, and Sam Pardue has been named head of the Poultry Science Department.
The research service is the research arm of the College of Agriculture and Life Sciences. Leath has served as interim director since May 2003, when Dr. Johnny Wynne, then the director, was named interim dean of the college. Wynne was named dean of the college last December. As research service director, Leath also holds the title of associate dean of the college.
Leath, a Fuquay-Varina resident, joined the College of Agriculture and Life Sciences faculty in 1985 as a plant pathologist with a U.S. Department of Agriculture Agricultural Research Service unit on the N.C. State University campus. He became research leader of the unit in 1999 and later served for a brief period as USDA Agricultural Research Service acting national program leader for grain crops, stationed in Beltsville, MD. He returned to N.C. State in 2001, serving as assistant director of the N.C. Agricultural Research Service.
In 2003, Leath was named associate director of the N.C. Agricultural Research Service, then interim director when Wynne became the college’s interim dean.
Leath holds a bachelor’s degree in plant science from Pennsylvania State University, a master’s in plant science from the University of Delaware and a doctorate in plant pathology from the University of Illinois. Prior to joining the Agricultural Research Service at N.C. State, he was an associate extension plant pathologist for a year at the University of Illinois, Urbana.
The N.C. Agricultural Research Service has an annual budget of approximately $52 million, with an additional $50 million of expenditures in extramural grants and contracts. Approximately 350 research faculty fall under research service administration, along with 270 graduate students, other researchers and research assistants, 400 technicians and 90 support staff.
Pardue came to N.C. State in 1989 as an assistant professor of poultry science, rising to the rank of professor in 1998. He also has served as undergraduate teaching coordinator for poultry science. Prior to coming to N.C. State, he was an assistant professor at Texas A&M University and an instructor at Lenoir Community College.
He has received numerous recognitions for his teaching, research and service achievements. At N.C. State, he has been named to the Academy of Outstanding Teachers (1996) and received the Poultry Science Association Student Recruitment Award (1993). He also received the 1994 Purina Mills Teaching Award.
Pardue earned a bachelor’s degree in poultry science and master’s and doctoral degrees in physiology at N.C. State. He was involved in postdoctoral research at the University of Massachusetts.
"Pardue brings years of experience in teaching, research and extension to the position and will do an excellent job in representing the department to the constituencies," Wynne said.
Posted by Natalie at 04:08 AM
June 22, 2005
Extension publications update
New publications on forestry, soil science, apiculture and poultry science are available on the Web.
The following Woodland Owner Notes have been revised and printed:
--Financial Incentives for Forest Management, WON-4. To order copies of this free publication, contact firstname.lastname@example.org. This publication is not available through Communication Services.
--Nutrition Management for Longleaf Pinestraw, WON-30. To order copies of this free publication, contact email@example.com. This publication is not available through Communication Services.
--Developing Wildlife-Friendly Pine Plantations, WON-38. To order copies of this free publication, contact firstname.lastname@example.org. This publication is not available through Communication Services.
First…See a Forester, AG-619, has been revised and printed. To order copies of this free publication, contact email@example.com. It is also online at http://www.ces.ncsu.edu/forestry/pdf/ag/ag186.pdf. This publication is not available through Communication Services.
SoilFacts: Using Baffles to Improve Sediment Basins, AG-439-59, is available on the Web. Visit the Soil Science Department homepage at http://www.soil.ncus.edu and follow the publications links. This is a Web-only publication; it is not available through Communication Services.
To find the following bee publications on the Web, go to the apiculture program home page at http://www.cals.ncsu.edu/entomology/apiculture, click on "Extension," then click on "Beekeeping Notes."
Honey Bee Dance Language, AG-646
Different Types of Honey Bees, AG-654
A Comparison of Russian and Italian Honey Bees, AG-655
The Department of Poultry Science has revised its Web site, and AG-651, Poultry Farm Biosecurity Field Manual by Abel Gernat, is now online at:
This publication is written in English and Spanish. You will find links to this and other poultry science publications at: http://www.ces.ncsu.edu/depts/poulsci/
Posted by Natalie at 03:31 PM
"Hushpuppies, Pimento Cheese and Sweet Tea" is the name of North Carolina's newest "agri-cultural tourism trail." It's part of the Golden LEAF-funded HomegrownHandmade project, a partnership of North Carolina Cooperative Extension, the state Arts Council and HandMade in America designed to boost rural economies. Read more in the Daily Dispatch article.
June 21, 2005
eXtension issues call for engagement
eXtension, a national initiative to plan and implement a web-based information and education network for current and new Cooperative Extension system clientele, has issued a call for engagement. Find out more on the eXtension intranet.
Posted by deeshore at 06:16 PM
June 20, 2005
Berry sweet: Extension program helps Madison couple diversify
Burley tobacco has been king of the cash crops in North Carolina's mountains. But, with help from Cooperative Extension and its partners, one Madison County couple is having success with blueberries and raspberries as an alternative crop. Read more in the Asheville Citizen-Times article.
June 19, 2005
Library gets grant to create 4-H and home demonstration history site
The NCSU Libraries' Special Collections Research Center (SCRC) recently won a grant to create a resource-based research and educational Web site entitled "'Green ‘N’ Growing': The History of Home Demonstration and 4-H Youth Development in North Carolina." The goal is to enable teaching, learning, and research by providing access to primary resource materials. Read more in the NCSU Libraries News story.
June 17, 2005
N.C.'s first goat and sheep producers roundup set for Aug. 23 and 24
North Carolina's first educational roundup for sheep and goat producers will take place Aug. 23 and 24 in Raleigh.
The event, to be held at the Wake Commons Conference Center and historic Oakwood Farm, is designed to give goat and sheep producers in the Southeast an opportunity to learn more about issues related to the dairy and meat goat and sheep industry.
Aug. 15 is the pre-registration deadline. The pre-registration cost is $75 for the first family member and $50 for each additional member. This fee includes two lunches and one dinner meal along with a copy of the proceedings.
Registration is limited to the first 275 participants. For event information and to register online, go to www.ces.ncsu.edu/roundupI
Or register by sending a check payable to:
North Carolina Cooperative Extension
Attn.: Goat & Sheep Roundup I
103 South Bickett Blvd.
Louisburg, NC 27549
For information about trade show display spaces, contact Sam Groce at (919) 542-8202 or email, firstname.lastname@example.org
This event is sponsored by North Carolina Cooperative Extension and the North Carolina Agricultural Foundation.
Tobacco buyout site wins national award
North Carolina State University's tobacco buyout web site won a first place for web page development from the National Agricultural Alumni and Development Association (NAADA). The site is designed to help quota holders, growers, financial and legal advisors, and financial institutions understand the $9.6 billion tobacco buyout and its impact.
Among the contributors to the site are Steve Watt, the College's director of gift planning; Dana Babbs, graphic designer; and Department of Agricultural and Resource Economics faculty members Blake Brown, Mike Walden, Arnie Oltmans, Ted Feitshans and Guido van der Hoeven.
BTEC will train thousands
Gov. Mike Easley told a crowd of about 125 people gathered on Centennial Campus for the Biomanufacturing Training and Education Center (BTEC) recent groundbreaking that “BTEC is something that when I bring it up in the presence of CEOs…you can read their body language. They understand that we get it.” Learn more in this NC State University Bulletin article.
June 16, 2005
Organic grain, oilseed workshop is July 21
The Center for Environmental Farming Systems in Goldsboro, North Carolina, will hold an organic grain and oilseed workshop 10 a.m. to 2 p.m. July 21.
Demand for organically produced meat, dairy products and eggs is driving the market for organic grains. In addition, North Carolina mills need more than 100,000 bushels of organic wheat and corn. This workshop will allow producers to:
· See organic grain production plots and plots in transition to organic production;
· Inspect and compare soybean varieties for food-grade markets and for livestock feed;
· See summer cover crops and alternative grain crops;
· Watch a demonstration of mechanical weed control; and
· Visit with crop specialists and organic grain buyers.
The workshop is free of charge, but pre-registration is required by 5 p.m. July 15. To register, contact Molly Hamilton, extension assistant, 828.628.2675 or email@example.com.
The Center for Environmental Farming Systems represents a new model that combines research, extension and education, as well as broad stakeholder involvement. The center is a partnership among North Carolina State University, North Carolina A&T State University, the N.C. Department of Agriculture and Consumer Services, non-governmental organizations and other state and federal agencies.
June 08, 2005
About This Site
Extension On-Line News provides organizational news for North Carolina Cooperative Extension employees.
Extension professionals are encouraged to let the Department of Communication Services, College of Agriculture and Life Sciences, know their opinions about ways to make the site useful.
Email the editor at Natalie_Hampton@ncsu.edu To reply anonymously, send a note to Editor, Extension On-Line News, Box 7603, N.C. State University, Raleigh, NC 27695-7603.
You can also help us by letting us share news of your accomplishments. Submit story ideas, achievements or opinion columns by email to Natalie_Hampton@ncsu.edu. We hope to hear from you soon!
Contributors: Dave Caldwell, Leah Chester-Davis, Natalie Hampton, Carrie Martin, Art Latham, Terri Leith, Dee Shore, Suzanne Stanard, Jeff Laiosa, Greg Miller, Becky Kirkland and Daniel Kim.
June 07, 2005
What is RSS?
If you want to get the latest news about North Carolina Cooperative Extension as soon as it’s published, several news feeds are available. Using a feed reader will provide you with notification when Extension Online News categories you select are updated.
The FAQ below will give you some basic information about using news feeds, RSS, news readers and more. To get started using RSS, you’ll need to download a news reader. See below for several popular news readers available at no cost for download.
1. What is RSS?
RSS, which stands for Rich Site Summary or Really Simple Syndication, is another term for a news feed. RSS is a means by which content from selected Web sites is syndicated and delivered to your computer without having to continually revisit those sites searching for new content.
2. What is a news feed?
A news feed, also referred to as an RSS feed, provides a listing of a Web site’s recently updated content and is delivered to users at regular intervals by a news reader. Users subscribe to the news feeds of their choice, which transmit a list of story headlines, story summaries or excerpts, and links to the complete text of stories from the originating Web site. The headlines, summaries and links are delivered to users at regular intervals specified by the user (every hour, for example) through a news reader.
3. What are the benefits of using a news feed?
Users who visit certain Web sites on a regular basis looking for new content can save time by signing up to receive fresh stories. A news reader will alert you automatically when the Web sites you select publish new content that interests you. Sites like MSNBC, ESPN, New York Times, CNN and countless more all have syndicated feeds.
You also can customize which categories of stories you are interested in receiving. Most Web sites utilizing news feeds allow the user to select specific content they want to receive. For instance, a news Web site might allow you to receive content specifically related to U.S. news, world news or political news, among others. The Extension Online News site allows you to select story categories ranging from Agriculture and Food to Youth and 4-H.
By using a news reader and subscribing to news feeds, you will be alerted when those sites publish a new story.
4. What is a news reader?
The first step in using RSS feeds will be downloading a news reader, also called a news aggregator. Much as we use programs like Outlook, Hotmail and Entourage to read email, a news reader is software that is needed to read news feeds. A variety of news readers are available free of charge. News readers differ in how they look and function, so experts suggest testing several readers before selecting one.
Some of the more popular news readers include:
Feedreader (Windows 95 and later)
Sharpreader (Window XP)
Aggie (Windows 98 and later)
NetNewsWire (Max OS X)
Pluck (Internet Explorer plug in or Web-based)
AmphetaDesk (PC, Mac, Linux)
5. How do I access a news feed?
Once you have a news reader, you can select the RSS feeds from various Web sites that you would like your reader to track. Subscribing to an RSS, or news, feed is a relatively simple process. Unfortunately, the process is complicated by the fact that different browsers and feed readers operate differently.
In order to subscribe to an RSS feed, you need to copy the URL, which is also known as an Internet address or link, to your feed reader. To subscribe to any of the RSS feeds listed below, right click on the RSS feed icon. You’ll be given a list of options that will differ with different browsers. You should be able to copy the RSS feed address by selecting something like “copy shortcut” or “copy link location.” Your feed reader should have a function that allows you to add feeds. Select this function and copy the RSS feed address to the feed reader.
Alternatively, you can left click on the RSS feed icon. You’ll see a page of code that probably won’t make much sense. But the URL, or link, will be in a box at the top of the page. Copy it and paste it into your feed reader.
Several available news feeds from NC State University follow.
NC State University currently offers several RSS feeds. To receive an RSS feed from one of the following topics, right click the appropriate button below and paste the link into your RSS reader.
Posted by Natalie at 10:11 AM