FUNDING & PROJECTS - My Risk Library Entry

Regional Multi-State Enterprise Budgets for Fruit and Vegetable Crops
 
Award Amount: $47,982 
Regional Center: Southern Region Risk Management Education Center
Grant Program: 2004 Competitive Grant Program

Project Directors: Charles Hall and Ronald Rainey
Email: crh@utk.edu
University of Tennessee
Download Full Report .pdf  Regional Multi-State Enterprise Budgets for Fruit and Vegetable Crops

 

Summary Results Project Steps Materials Delivery Area Comments
PROJECT SUMMARY
Budgets are the building blocks for the majority of planning and risk analysis for agricultural production systems. Agricultural business managers (including small, part-time and beginning producers), agricultural lending institutions, state and federal service providers, government taxing entities, agricultural support industries, educators, Extension specialists, and legal advisors are all interested in budget information (e.g. production costs, resource needs). Additionally, demands from these audiences for specialty enterprise budgets are increasing. However, much duplication of effort has existed between land-grant institutions in developing their respective specialty fruit and vegetable budgets and historically, standardized methodologies have not been utilized in developing the budgets. This project provides a regionalized solution to both of these critical issues in the midst of budgetary crises and reduced FTE´s at land-grant colleges and universities.
NUMBER OF PARTICIPANTS: 7
TOPICS COVERED
  • Product and enterprise diversification
  • Marketing strategies, plans and clubs
  • Contract production, branded or certified marketing, and value-added enterprises
  • Financial records, analysis, and bench-marking
  • Understanding of economic risks associated with new production technologies
  • Business and strategic planning
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