| PROJECT SUMMARY |
| Managing risk is critical to the success of a farming operation. Each year, many Mississippi farm businesses fail, with most of these failures being caused by poor financial management. To minimize risk, farm families must learn to recognize the risk involved in their business and then determine strategies for addressing the risk. According to one study, most farm women are responsible for the financial record keeping on their farms and also share in the decision-making to borrow money and/or expand their operations. The objective of this project is to increase the knowledge and skills of farm women in aspects of business management, including risk management. This will be accomplished through three three-day, regional workshops; four bi-monthly satellite videoconferences; and a podcasting website. It is anticipated that 75 farm women will participate in the workshops, with 20 making substantial changes in their risk management strategies. |
| NUMBER OF PARTICIPANTS: 0 |
| TOPICS COVERED |
| Product and enterprise diversification |
| Market analysis and outlook |
| Marketing strategies, plans and clubs |
| Financial records, analysis, and bench-marking |
| Credit |
| Plans and tools to address succession, estate planning, health, and well being |
| Leases, contracts and negotiation |
| Business and strategic planning |
| Interpersonal, family and business relationships |
