Completed Project Report


Understanding and Managing the Financial, Production, and Marketing Risks of Starting or Expanding a Farm in Remote Alaska

  • Award Amount: $47,654
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2014 Education Projects
  • Project Director: Heidi Rader
  • Email: hbrader@alaska.edu
  • Organization: University of Alaska Fairbanks

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Project Overview

This project used a mixed method teaching approach through Collaborate Live (webinar platform), teleconference, and Blackboard (online education portal) to teach a 12 week (36 hour) course that covered the knowledge and skills to reduce and manage the risks associated with starting or expanding a diversity of farming and ranching enterprises in remote Alaska.

Thirty five beginning farmers were enrolled in the course and learned about variety of risk management topics such as: financial management, record keeping tools to support business decision-making, business structures for agricultural enterprises, analysis tools to evaluate investment decisions, and finding available resources, such as FSA micro-loans. Guest presenters from around the state were invited to collaborate as local experts, and presented on 8 of the 12 topic areas. Throughout the course, participants were assigned readings and assessments from MOSES’s Fearless Farm Finances, and worked towards developing a personal risk assessment, and business plan. Upon completion of the 12 week course, 15 participants had completed a Personal risk assessment, and a new business plan for their individual farm enterprises.

Number of Participants: 35

Outcomes

Project Steps

PROMOTIONAL MATERIALS

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EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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