COVID-19 Resources for Farmers & Markets

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Developing Personal Risk Management Plans

February 17, 2020 @ 9:00 am - 4:00 pm

Free

The objective of these workshops is to teach farmers how to understand and implement farm business planning principles for successful risk management decision making. In this workshop each producer will prepare their own personal plan to deal with the risks they face.
Participants in this workshop will:

1. Be introduced to the farm business planning process and learn how to:
• Identify and list all of their farm’s assets and their productive capacity
• Determine the current well-being of the farm business
• Review the feasibility of alternative enterprises

2. Be introduced to five areas of risk and learn how to identify, measure, and manage risks on their farms in these areas:
• Production risks
• Marketing risks
• Financial risks
• Human resource risks
• Legal risks

3. Understand financial management of the farm and how to use financial statements and budgets to assess the performance of the farm business and make better decisions.
• Income Statements
• Balance Sheets
• Enterprise Budgets

4. Develop personal risk management plans for your farm.
• Develop goals in each of the five risk areas
• Identify specific actions you will take
• Commit to follow through and implement the actions identified

5. Network with other producers in your area and learn from them as you discuss current issues of mutual importance.
• Share best management practices

Workshops will consist of formal instruction, group discussion, hands-on activities, and take home assignments. Local PSU Extension Educators will help participants complete their homework assignments.

Lunch will be provided

For registration contact Lynn Kime either by phone or email:
717-398-1293 or lkime56@gmail.com

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Details

Date: Mon, February 17, 2020

Time: 9:00 am - 4:00 pm

Cost: Free


Event Category: Community Calendar