Completed Project Report


Making It Happen: Profitability & Success

  • Award Amount: $31,000
  • Regional Center: Northeast Extension Risk Management Education Center
  • Grant Program: 2017 Education Projects

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Project Overview

Making It Happen is an outcome-based risk management training to help producers understand and incorporate financial management tools into their business practices. The primary Risk Management Education Objective is to reduce financial risks that threaten farm profitability by building business knowledge and allowing for greater resiliency. The training provided producers with the tools –– and the ability to use them –– to improve decision-making. Participants learned and applied financial management tools to their business that helped them answer questions such as: “Can I pay my bills?", “Is a capital investment worth it?”, "Is this the right price?”, or “Should I add a new product line?" The training consisted of two webinars, two trainings, and optional follow-on one-on-one assistance; an online session was also offered. There were 28 in-person and 12 online participants for a total of 40. Participants resided in Massachusetts (59%), New York (11%), VT (12%), CT (3%), and ME (3%), with an additional 12% outside the Northeast. Participants included small and beginning farmers, sustainable and socially disadvantaged producers, and producers of value-added goods. After the training, 74% of respondents reported an increase in understanding of the financial management tools, and 91% reported incorporating at least one tool into their business practices. 

Number of Participants: 40

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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INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES