Completed Project Report


Building Profitable Farms and Strong Financial Management

  • Award Amount: $49,931
  • Regional Center: Western Extension Risk Management Education Center
  • Grant Program: 2015 Education Projects

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

The Building Profitable Farms and Strong Financial Management Project focused grower education and action on Financial Risk with subtopics that included debt and asset management, particularly as they impact cash flow; business and strategic planning, including business structures; farm financial bench marking and prudent use of credit; and financial records and analysis to support long-term success. 108 growers participated in four Preparing for Profitability Financial Clinics in three agricultural regions of California–the Central Coast, Sacramento Valley and North Coast–to understand risks inherent in credit scores, types of agricultural credit, cash flow, financial statements and debt management. 111 growers worked in one-on-one technical assistance meetings with FarmLink and its partners to effectively implement cash flow and sales projections, develop income statements, and manage credit history in order to access capital and achieve profitability.

Number of Participants: 249

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

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DELIVERY AREA

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INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES