Completed Project Report


Managing Risk by Improving Financial Management and Communication Skills

  • Award Amount: $50,000
  • Regional Center: Southern Extension Risk Management Education Center
  • Grant Program: 2017 Education Projects
  • Project Director: Wendell Pepper
  • Email: hal.pepper@utk.edu
  • Organization: Center for Profitable Agriculture

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

The project addressed unique financial and human risks faced by producers marketing value-added products through direct marketing, processing and agritourism. A total of 216 Tennessee producers received training through six Quicken® workshops and seven QuickBooks® workshops on how to keep records to aid them in making financial management decisions and through five Real Colors® workshops on how to implement new communication skills to improve interpersonal, family and business relationships. Twenty-seven of the recordkeeping workshop participants received additional one-on-one technical assistance and training with their individual records.

Quicken® and QuickBooks® workshop participants learned how to record, categorize and analyze financial information to help them to track revenue and expenses and evaluate farm profitability and cash flow. Upon workshop completion, several producers requested assistance in using Quicken® and QuickBooks® to set up their farm books in the software, enter transactions for their accounts and generate reports that track cash flow and income and expenses.

Real Colors® workshop participants learned how to understand human behavior and improve empathy, communication and teamwork by exploring temperament styles. Real Colors® participants learned skills needed to handle challenges often faced in working with family members, managing employees, and developing and maintaining business relationships.

Number of Participants: 216

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

DESCRIBE ANY UNEXPECTED RESULTS OF THE PROJECT:

HOW WOULD YOU IMPROVE THE PROJECT IF YOU WERE TO DO IT AGAIN?

WHAT WERE THE KEYS TO SUCCESS FOR YOUR PARTICIPANTS?

INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES