Completed Project Report


Production, Marketing and Finance Risk Education for Hawaii Beef Producers Underserved by Crop Insurance

  • Award Amount: $70,000
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2021 Underserved Projects

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

USU and UH partnered with RMA to deliver risk management training to beef cattle producers in Hawaii.  Educational topics were aimed at Hawaii cattle producers and included: Understanding market price risk for feeder cattle and the risk management tools; evaluating production risk associated with retaining ownership of calves, especially risks associated with grass finishing cattle in Hawaii; and obtaining an enhanced understanding of basic financial record keeping with an ability to determine true costs of production and break-even prices for various enterprises.  

Online educational materials (fact sheets) were developed as well as six web-based decision support tools.  These materials were presented to beef cattle producers located in Hawaii.  A virtual presentation was given in conjunction with Hawaii Cattlemen's Council annual meeting. Five separate pod cast were accomplished addressing marketing, financial and production risk, with one focusing on the use of the retained ownership decision support tools. Another virtual presentation highlighting the tools was done on the Livestock Pau Hana put on by extension faculty for the Hawaii cattle industry. We met individually with 10 different producers to test the decision support tools. Producers felt the tools would be a benefit to them in their calf marketing.

Number of Participants: 130

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