Completed Project Report


Hands-on Educational Workshops to Improve Risk Management and Financial Decision-Making for Dairy Farmers in the Western Region

  • Award Amount: $49,998
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2019 Education Projects
  • Project Director: Hernan Tejeda
  • Email: htejeda@uidaho.edu
  • Organization: Regents of the University of Idaho

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

This project addressed risk management education topics by covering areas in production risk,
marketing risk, financial risk and human risk. These topics were addressed through educational workshops that included subject presentations, hands-on examples and making use of spreadsheets, and discussions among peers and presenter(s). The workshops targeted small
and medium sized dairies (herd size of up to 1000 cows), as well as young dairy producers. Workshops where delivered in three different locations in the state of Idaho, as well as two locations in the state of Utah. The locations where in Eastern Idaho, South central Idaho, Southwest Idaho, Northern Utah and Central Utah. A two day workshop was held in each location, with an additional workshop being held in Southern Utah. A total of 69 participants among dairy farmers and dairy stakeholders attended and understood, analyzed, developed and discussed: (1) cash flow projections for mid-and long-term (time) periods, (2) identifying critical moments of
financial stress based on cash flow projections, (3) new Dairy Risk Protection (DRP) program,
(4) Dairy Futures and Options, (5) and Succession planning.

Number of Participants: 69

Outcomes

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