Completed Project Report


Employing Peer Advisory Groups to implement new business risk management strategies.

  • Award Amount: $46,708
  • Regional Center: Southern Extension Risk Management Education Center
  • Grant Program: 2022 Education Projects
  • Project Director: Francisco Abello
  • Email: fjabello@tamu.edu
  • Organization: Texas A&M AgriLife Extension Service

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

This project addressed the production risk associated with the transition into a new production system and its implication on the financial and human aspects of the business. Peer advisory groups implementing these new production systems developed and serve as a reciprocal advisory board and address these new challenges. A group with ranchers from North Texas and Oklahoma was formed. Group members seeked to reduce their production risk associated with new production systems, implement new production systems and business strategies, and improve the business's economic, financial, and organizational aspects.

Peer advisory groups require facilitators to be successful in the long term. The facilitator’s primary role was to help the exchange process in the group and served as a communication link inside and outside. we were also responsible for managing the group's work plan and ensuring its proper functioning.

The group met once a month on each farm/ranch and we had a final benchmarking meeting. During these monthly meetings, participants implemented new production concepts in their operations, continue production education with facilitators and peers, analyzed the cost of production and benchmarking within the group, and learned about group management and interpersonal relationships to continue with the peer group in the future.  

 

Number of Participants: 359

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