This project addressed the current business and financial issues for
agricultural land management across Nebraska. Specifically, educational
outcomes achieved by this project helped farms and ranches address business
shocks by planning for current financial issues in land management, effective
budgeting strategies, critical negotiation skills to deal with risk, and
management practices for improved decision-making and profitability.
The target audience for this project included beginning producers, small
farms or ranches, women producers, and allied stakeholders working with
operations across Nebraska. Outreach for this project was delivered through 11 strategically
located in-person or online meetings, approximately three hours in length,
which reached 307 participants. Additionally, four locations featured an
extended budgeting curriculum session, with 72 participants. Archived workshops
were made accessible online via the University of Nebraska-Lincoln's Farm Real
Estate website and remain open to the general public as a resource.
Results achieved by participants in these workshops included: 76% reported
enhanced planning to address current financial issues in the land industry, 65%
integrated budgeting approaches to improve financial positions, 53% improved
negotiation strategies for equitable and workable solutions to accommodate
unforeseen events, and 58% advanced effective management practices to ensure
the viability and longevity of the operation.