 (06.29.2009)
Project Director(s): Tom Platt
Institution: Washington State University
Funding
Awarded: 2006
This project addresses production and financial risks.
Twenty five farmers and ranchers in Eastern Washington performed a comprehensive financial analysis of their operation to evaluate its financial position and unit cost of production. Two alternatives to their operation were analyzed that could improve its profitability. Producers then developed and instituted a farm plan to overcome operational and financial hurdles anticipated in instituting alternatives. Financial insecurity and stress from escalating input costs, stagnant commodities prices, and decreasing profitability motivated them to conduct this analysis.
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