Completed Project Report


Ready, Set, Go: Preparing Farms to Successfully Manage Risk

  • Award Amount: $41,003
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2014 Education Projects
  • Project Director: Dianne Shoemaker
  • Email: shoemaker.3@osu.edu
  • Organization: Ohio State University Extension Mahoning County

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

Many farms would like to know their costs of production to better manage financial risk, benchmark against peers, and participate in federal risk management programs.  Without statewide record keeping programs leading to business analysis, many farms are insufficiently prepared for business analysis.  

We worked with Ohio and Indiana dairy, livestock, and crop farmers during the 2015 analysis year through face-to-face, on-farm, and on-line meetings, supported by on-line videos (webinars) through analysis completion in 2016.  2 farms completed their analysis, 2 are in process, and 3 will likely complete a 2016 analysis.  This fell short of our 28 farm goal, but the “real time” education and data collection process in place will help families achieve future farm business and risk management goals.

More than 780 farmers participated in farm financial basics programs and a Farm Financial Management Webinar series.  All webinars continue to be available through our website at http://farmprofitability.osu.edu


Number of Participants: 790

Outcomes

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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