Risk Southeast Management Education Initiative
2003 National Extension Risk Management Education Conference Hyatt Regency, DFW March 26-27
Report of Two Projects Funded by SRREMC
Georgia Risk Management Education Initiative (direct grant) Integrating Crop Insurance and Marketing Risk Management Strategy Training Under the New Farm Bill for Ag Lenders and County Ag Agents Phase I (competitive grant)
Georgia Risk Management Education Initiative
Tactical Risk Management Education Seminars Ag Lender Training on 2002 Farm Bill and Risk Management Strategies Farm Financial Record Keeping using Quicken
University of Georgia
Tactical Risk Management Education Seminars
One-day workshop Risk Management Topics Targeted
Marketing, Production, and Policy
Five workshops offered, Three conducted, Plans to re-offer Two Cross-State Cooperation
University of Georgia
Locations
Feb 19-21, 2002 Gordon County Screven County Washington County Oct 28, 2002 Tift County (Ag Lenders Conf.)
University of Georgia
TRME Program
Introduction to Risk Management Farm Bill Update Market Outlook How Crop Insurance Manages Risk Integrating Crop Insurance and Marketing Developing Your Risk Management Plan
Presenters: Charlie Curtis (Clemson), Jim Novak (Auburn), George Shumaker (UGA), Nathan Smith (UGA)
University of Georgia
Tactical Risk Management Education Program Evaluation
Scale of 1 (Strongly Disagree) to 5 (Strongly Agree) Program Well Organized Presentation Professional and Up-to-date Knowledge of Risk Management was Improved Understanding of Risk Management Tools Improved Would Recommend Conference to Other Farmers Overall Rating # Responses Average
31 32 32 31 30 31
4.61 4.69 4.38 4.45 4.57 4.45
TRME Program Evaluations
Introduction to Risk Management Developing Your Risk Management Plan Marketing Alternatives & Their Ability to Manage Risk Market Outlook How Crop Insurance Manages Risk Farm Bill Update Integrating Crop Insurance & Marketing
4.53 4.4 4.27 4.26 4.1 4 3.69
1 2 3 4 5 6 7
Ag Lenders Conference October 28, 2002 - Tifton, GA
Ag Lenders Conference
80 Ag Lenders in attendance Provided Notebook for Handouts of Presentations Very Well Received with Interest in becoming an Annual Event Coordinated by Don Shurley (UGA) Speakers: Charlie Curtis (CU), George Shumaker (UGA), Nathan Smith (UGA)
Program
2002 Farm Security and Rural Investment Act Provisions and Impact on Farmer Decisions
Base Update and Assignment Decisions Planting Decisions
Implications for Peanuts Market Outlook Marketing Alternatives to Manage Risk
Integrating Crop Insurance and Marketing
Risk Management Training Under the New Farm Bill Ag for Lenders and County Ag Agents
Risk Management Training Under the New Farm Bill for Ag Lenders and County Ag Agents
Objective Develop teaching materials into a handbook and present the material in trainings to ag lenders, farm advisors and county ag agents. Target Audience major row crop areas of participating states of Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia
Integrating Crop Insurance & Marketing: Risk Management Training Under the New Farm Bill for Ag Lenders & County Ag Agents
2003 Programs North Carolina Jan 23 South Carolina Mar 6 Georgia Mar 7 & 12 Alabama April 24 Florida April 23
Programs
Cross-state efforts Co-investigators contribute their expertise in developing the training topics and materials & organizing the training sessions in each state Cross-state cooperation and assistance contributes to a better overall program
Training Topics
Introduction to Risk Management Concepts Overview & Challenges for Risk Management Decisions New Farm Bill Facets that Impact Risk Management Commodity Outlook & Potential Market Risks Crop Insurance as a Risk Management Tool Marketing Strategies that Effectively Manage Risk Taxation of Peanut Buyout South American Soybean Production Production Practices that Minimize Risk Cotton and Peanut Issues Decision Making from the Production Side
Presenters & Collaborators
Charlie Curtis (Clemson) Todd Davis (Clemson) Wes Harris (UGA) Tim Hewitt (Florida) Jim Novak (Auburn) Ag First Farm Credit Risk Management Agency Nick Piggott (NCSU) Michelle Marra (NCS...