Completed Project Report


Financial Literacy Training for Veterans and Socially Disadvantaged Producers in Alabama

  • Award Amount: $49,978
  • Regional Center: Southern Extension Risk Management Education Center
  • Grant Program: 2018 Education Projects

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Project Overview

AAMU’s Small Farms Research Center conducted a financial literacy training  program to assist veterans, socially disadvantaged and limited resource producers.  During this project, the Small Farms Research Center promoted the program through our SFRC News Update Newsletter and a promotional brochure, and developed material for educational program. The project covered the three key topics: (1) financial risk, (2) production risk, and (3) marketing risk. The project delivered information and assisted producers through educational hands-on workshops, two field days, eight group meetings, one value-added farm tour; including one-on-one-consultation.

Participants became more informed on personal budget and business budgeting; make better decisions with their finances; learn more on supplemental income utilizing production and marketing strategies; educate themselves and their families on credit worthiness; learn more about applying for loans/grants, and crop insurance; and more informed on utilizing holistic approach on managing finances and developing a financial road map to successful agribusiness.  The program assisted nearly 200 producers, landowners, and veterans will be assisted.  We addressed participants  need on financial literacy including credit worthiness, finances, and  strategies for supplemental income by the end of the project.

Number of Participants: 1016

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

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WHAT WERE THE KEYS TO SUCCESS FOR YOUR PARTICIPANTS?

INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES