FUNDING & PROJECTS - My Risk Library Entry

Risk Management Training for Absentee Landowner Issues
 
Award Amount: $45,002 
Regional Center: Southern Region Risk Management Education Center
Grant Program: 2005 Competitive Grant Program

Project Directors: Gregory Ibendahl
Email: ibendahl@agecon.msstate.edu
Mississippi State University
Download Full Report .pdf  Risk Management Training for Absentee Landowner Issues

 

Summary Results Project Steps Materials Delivery Area Comments
PROJECT SUMMARY
This collaborative multi-state effort addresses risk issues facing absentee landowners and producers working with absentee landowners. Because absentee landowners may have limited knowledge about current farm operations and programs, they may be unwilling to share risks with producers. This program will help producers and absentee landowners in the delta states understand rental arrangements, production and marketing alternatives, government programs, conservation and legal issues. Educational materials will also be developed for producers to better communicate farm riskiness to delta state landowners. By improving landlord risk knowledge, farmers should have an easier time promoting risk sharing strategies such as share leasing, marketing options, alternative production practices and land uses.

The risk knowledge level of absentee landlords is unknown. Therefore, an initial survey will be used to find the landlords’ level of risk understanding and comfort, where training is needed, and how to present the information. A survey of producers will be used to gauge communication problems between landlords and tenants and to find out why more risk sharing is not done. The survey will guide the type and form of training but material will likely be presented in workshops, electronically, and in printed form.
NUMBER OF PARTICIPANTS: 1600
TOPICS COVERED
  • Product and enterprise diversification
  • Market analysis and outlook
  • Marketing strategies, plans and clubs
  • Capital and financial assets
  • Leases, contracts and negotiation
  • Understanding of economic risks associated with new production technologies
  • Business and strategic planning
  • Interpersonal, family and business relationships
  • Ability to manage changes in policy and regulation
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