Completed Project Report


2012 Farm Bill Risk Management Decision Tool

  • Award Amount: $49,956
  • Regional Center: Southern Extension Risk Management Education Center
  • Grant Program: 2013 Competitive Grant Program

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

This project focused on the 2014 farm bill and the legal/institutional risk related to government commodity programs and production risk management associated with insurance products.  The 2014 farm bill included new commodity and crop insurance programs for producers/landowners.  Once the commodity program decisions are made, producers/landowners are locked into the decision for the life of the farm bill.  Commodity and crop insurance programs are extremely important to farm operations and producers need assistance to understand the changes in the 2014 farm bill.  The programs are quite complex and difficult to understand so a large educational effort was necessary to assist with the new decisions.  A decision tool was developed to help producers, landowners, county extension educators, agribusinesses, bankers, and crop insurance agents evaluate potential payments under different commodity and crop insurance programs. County extension educators, agribusinesses, bankers, and crop insurance agents can show producers how to use the decision tool to make decisions to effectively manage risk in their operations. They will have improved understanding of new commodity and crop insurance programs in the 2014 farm bill to help producers make informed decisions about enrollment in these programs. Producers/landowners will use the decision tool to understand the new program choices.

Number of Participants: 36871

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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INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES