Completed Project Report


Using Whole Farm & Advanced Financial Planning to Reduce Production, Marketing and Financial Risks on Inland Northwest Small to Mid-Size Farms and Ranches

  • Award Amount: $43,858
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2013 Competitive Grant Program
  • Project Director: Cinda Williams
  • Email: cindaw@uidaho.edu
  • Organization: University of Idaho

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

This project addressed production, marketing and financial risks associated with producing agricultural products for direct and semi-direct markets. The 73 project participants were small and mid-size Inland Northwest (Idaho and eastern Washington) producers raising crops and livestock for regional markets. Participants will completed one of two 8-week, webinar-based courses on whole farm planning (WFP) and advanced financial planning (AFP). WFP course topics include: resource evaluation, site-specific best management practices, and market analysis. AFP topics include: financial planning/analysis, recordkeeping, regulations, food safety and liability identification and management. Upon course completion, participants completing the end-of-course evaluations indicated they had developed or improved their whole farm and financial plans by clarifying their farm and financial goals, reviewing and modifying production practices, refining business and marketing strategies, improved budgeting and recordkeeping, and performing deeper financial analyses. It is anticipated that six months after course completion, 55 participants will have reduced their production, marketing and/or financial risks by implementing their planning strategies.

Number of Participants: 73

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