Completed Project Report


Assessing Grain Marketing Risk and Implementing a Marketing Plan for Grain Producers in Ohio

  • Award Amount: $27,310
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2018 Education Projects
  • Project Director: Amanda Bennett
  • Email: bennett.709@osu.edu
  • Organization: The Ohio State University

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Project Overview

Sound risk management decisions begin with an assessment of an operation’s ability to enter into risk. Lower grain profit margins have increased producer and lender interest in risk mitigation practices in grain production. This project built on existing curriculum to meet the learning objectives of the project. Interactive exercises for producers to assess their risk were included. Ohio State University Extension delivered five multiple session workshops across western Ohio to improve producers’ marketing risk management skills. In addition, two online webinars were offered and are housed on the web for producers to access at-will. The target audience for both elements were grain producers from all sectors of the farm population, including new, beginning, minority, and traditional farmers. The project reached 54 producers.  Participants reported that the most important concepts learned during the course included understanding their breakeven cost of production and how that drives marketing decisions, the exposure to the different marketing tools, and the concept of writing a grain marketing plan to take some of the emotion out of marketing.

Number of Participants: 204

Results

Project Steps

PROMOTIONAL MATERIALS

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EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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