Completed Project Report


Using Whole Farm & Advanced Financial Planning to Reduce Production, Marketing and Financial Risks on Inland Northwest Small to Mid-Size Farms and Ranches

  • Award Amount: $43,858
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2013 Competitive Grant Program
  • Project Director: Cinda Williams
  • Email: cindaw@uidaho.edu
  • Organization: University of Idaho

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Project Overview

This project addressed production, marketing and financial risks associated with producing agricultural products for direct and semi-direct markets. The 73 project participants were small and mid-size Inland Northwest (Idaho and eastern Washington) producers raising crops and livestock for regional markets. Participants will completed one of two 8-week, webinar-based courses on whole farm planning (WFP) and advanced financial planning (AFP). WFP course topics include: resource evaluation, site-specific best management practices, and market analysis. AFP topics include: financial planning/analysis, recordkeeping, regulations, food safety and liability identification and management. Upon course completion, participants completing the end-of-course evaluations indicated they had developed or improved their whole farm and financial plans by clarifying their farm and financial goals, reviewing and modifying production practices, refining business and marketing strategies, improved budgeting and recordkeeping, and performing deeper financial analyses. It is anticipated that six months after course completion, 55 participants will have reduced their production, marketing and/or financial risks by implementing their planning strategies.

Number of Participants: 73

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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