Completed Project Report


Know Your Numbers, Know Your Options

  • Award Amount: $47,000
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2017 Education Projects

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

Know Your Numbers, Know Your Options is a financial risk management program targeting
farm and ranch women giving them the ability to evaluate their farm and ranch operations in a
period of lower revenues. This program was delivered in Illinois and South Dakota using the
Annie's Project methodology of small groups, and dynamic interaction with qualified instructors
vetted by Annie's Project-Education for Farm Women (APEFW). Each state implemented
three programs, a series of four meetings, with 47 farm or ranch women attending.
Upon completion these women were better prepared to examine their own balance
sheet, income statements and cash flows for comparing their own numbers to established and
selected financial benchmarks as defined by the Farm Financial Standards Council. Also
included in this program was education for improving record keeping skills using
QuickBooks, and a lesson/discussion about farm/ranch leasing and adjustments needed to
contain costs through low income periods.

Number of Participants: 42

Results

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

There are no educational materials available for this project.

REPORTS & EVALUATIONS

There are no reports or evaluations available for this project.

DELIVERY AREA

DESCRIBE ANY UNEXPECTED RESULTS OF THE PROJECT:

HOW WOULD YOU IMPROVE THE PROJECT IF YOU WERE TO DO IT AGAIN?

WHAT WERE THE KEYS TO SUCCESS FOR YOUR PARTICIPANTS?

INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES