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Training in Risk Management Tools:. Providing Crop Insurance and Financial Education to Under-Served Producers Albert E. Essel Virginia State University. Collaborators. Laurence Crane Albert Essel Kevin Klair Dale Nordquist. Virginia State University

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training in risk management tools

Training in Risk Management Tools:

Providing Crop Insurance and Financial Education to Under-Served Producers

Albert E. Essel

Virginia State University

collaborators
Collaborators
  • Laurence Crane
  • Albert Essel
  • Kevin Klair
  • Dale Nordquist
collaborating institutions
Virginia State University

Center for Farm Financial Services, University of Minnesota

National Crop Insurance Services

Collaborating Institutions
goals of training program
Goals of Training Program
  • To help limited resource farmers effectively manage their farm businesses by:
  • Providing farm business management tools to educators of limited resource farmers
  • Providing training to use tools effectively
objectives
Objectives:

1. To conduct Financial Management and Crop Insurance training for educators and agricultural professionals who serve underserved producers.

2. To organize a leadership team to support educators who serve underserved producers in risk management

objectives6
Objectives:
  • To increase producer awareness and knowledge of risk management tools
  • To provide training and technical assistance for producers to improve their ability to use tools to manage risks.
target audience
Producers

African Americans

Hispanics

Native Americans

Women

Limited Resource

Other Underserved

Educators

1890 Universities

1994 Colleges

Hispanic Serving

1862 Universities

Comm. Based Orgs.

Agric. Professionals

Target Audience
states territories with participants trained
Alabama

Arizona

Arkansas

California

Florida

Georgia

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Mississippi

Montana

Missouri

North Carolina

Oklahoma

Pennsylvania

Puerto Rico

Tennessee

Texas

Virginia

Virgin Islands

West Virginia

Wisconsin

States & Territories with Participants Trained
program content
Program Content
  • Financial Planning
  • Business Planning
  • Crop Insurance
program delivery
Program Delivery
  • Nationwide Promotion of program to target populations (Educators)
  • Registration Fee
  • Travel Scholarships for Participants
  • Provide laptop computers to participants
delivery methods
Delivery Methods
  • Workshops
  • Computer-based Hands-on Training
  • Case Studies
program delivery 2003
Program Delivery - 2003
  • Conducted a 2.5 day workshop in:
  • Petersburg, VA
  • Baton Rouge, LA
  • Albuquerque, NM
program delivery 2004
Program Delivery - 2004
  • One 2.5 day workshop in Atlanta, GA
  • Two 2.5 day Advanced workshops in Petersburg, VA
  • Leadership Meeting in Petersburg, VA
program delivery 2005
Program Delivery – 2005
  • Focus on Producers
    • Farm Management Association in VA
    • Producer Meeting in Pine Bluff, AR
    • Producer Meeting in Tuskegee, AL
the tools
The Tools
  • FINPACK
  • FINPACK Business Plan
  • Crop Insurance manual and training from industry representatives
finpack crop insurance training
FINPACK & Crop Insurance Training

BASIC TRAINING – ATLANTA, GA

APRIL 2004

finpack crop insurance training17
FINPACK & Crop Insurance Training

ADVANCED TRAINING – PETERSBURG, VA

MARCH & MAY 2004

vsu mobile computer lab business planning recordkeeping
VSU Mobile Computer Lab:Business Planning & Recordkeeping

12 networked-computer stations plus an instructor’s station

program results
Program Results
  • Outstanding evaluations
  • Lots of enthusiasm to use the tools and materials to help limited resource producers
challenges
Challenges
  • Despite the enthusiasm, follow up surveys indicate each participant used FINPACK with 1.85 farmers and crop insurance with 13.7 farmers in 2004
questions
Questions
  • What are the obstacles to working with limited resource farmers on improved business management?
  • How can educators more effectively help limited resource farmers with business management?
  • How can we support educators better?