Project Overview
Owners of farm businesses across a nine county region in western New York face a changing and challenging financial risk management environment. Average debt coverage ratios for dairy farm businesses in the region have fallen below the critical 1.0 level in three of the last six years. This project sought to enhance dairy, livestock, field crops, and fruit farm business owners’ capacities to manage financial risk by enhancing their planning and control, and farm financial management skills. The project included a series of four workshops, ranging in length from one to three days, at four locations, and technical support of participants. Approximately 70 individuals realized one or more of the following changes in financial risk management behaviors: completion of a financial summary and analysis for their business; application of planning skills in problem solving, including the use of finance and economics in decision making; and implementation of changes that will improve results while accomplishing financial risk management related goals.
Number of Participants: 117
PROMOTIONAL MATERIALS
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EDUCATIONAL MATERIALS
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REPORTS & EVALUATIONS
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