Project Overview
This project addressed the financial resiliency necessary for agricultural operations in Nebraska to sustain risk associated with the current business climate. Specifically, measurable educational outcomes achieved by this program aided farms and ranches in financial management by: improving the understanding of financial trends to minimize shocks, developing strategies to facilitate succession and mitigate legal risk, and using management practices utilizing USDA farm programs to reduce uncertainty.
The intended audience for this project included limited resource operators; beginning, transitioning, and women producers; and allied agribusiness stakeholders serving operations across the state. Engagement for this project was delivered through 18 strategically located in-person and two virtually-delivered meetings, approximately three hours in length, reaching 442 participants. Additionally, two sessions were delivered online to accommodate participants with health concerns. Archived programs were made accessible through the University of Nebraska-Lincoln’s Center for Agricultural Profitability website.
Results achieved by participating in this outreach included: 55 percent improved and strengthened decision-making involving financial events impacting agricultural land, 78 percent enhanced succession strategies and reduced unforeseen event legal risk, and 41 percent developed effective management skills to address uncertainty by using USDA farm programs or loan options to preserve operation solvency and viability for the next generation
Number of Participants: 442
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.