The Purdue Management Academy: Target 2015 was developed to provide Indiana agricultural producers with strategic risk management tools to remain competitive in a volatile agriculture industry. Because Indiana farms over 2,000 acres have increased by 90% since 1992, agricultural producers are requesting educational programs to improve management skills in financial analysis, price risk, employee relations, transition and estate planning. To meet the needs of these agricultural producers a 4 day, multi week program was created to enhance their strategic risk management decision making skills. The Academy was developed by Purdue Extension Educators and Specialists and offered to 40 Indiana and 2 Kentucky producers. After completion of the program, 50% of the participants shared they would change the way they operate their farm operation. Skills with the most immediate impact in their operations were: standard operating procedures, setting goals, financial analysis, contingency plans, and conflict management skills. Eight months after the completion of the program, 100% of the participants implemented one new risk management tool or idea into their farm operation while completing business, contingency, public relations , marketing, and estate plans. Producers estimated that new ideas or tools implemented increased their income anywhere from $3,000 up to $20,000.
Number of Participants: 42
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REPORTS & EVALUATIONS
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