Completed Project Report


Habits of Financially Resilient Farmers Who Excel at Risk Management

  • Award Amount: $49,881
  • 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

This educational program details the habits of farmers who excel at risk management; making their business both profitable and resilient in times of low commodity prices. Resilient farms use crop insurance, generally spreads sales over time,  have in-line land control costs, exercise control over production while still adopting the latest technologies, and deploying the right expertise. Educational programs were delivered in-person through presentation such as ILSoyAdvisor Soybean Summits and Illinois Farm Economic Summits, and other conferences, via online webinars and information posted on the FarmDoc website.  Target audiences included growers across Illinois from southern, central, east-central, west-central and northern geographies. Approximately 800 individuals were instructed at Illinois Farm Economic Summits held in December, about 150 participants attended workshops in February, and about 100 participants attended Soybean Summits. One webinar was conducted.  Participants came away with understanding the elements of risk management, building their own personal risk management program and learning how to evaluate if their program is succeeding.   

Number of Participants: 825

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

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DELIVERY AREA

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