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Winegrape Growers Planning Session

Winegrape Growers Planning Session. Heidi Carter, Page County Extension Director Tim Eggers, Iowa State University Extension Field Agricultural Economist. Annie’s Project – Understanding Revenue Policies is based upon work supported by USDA/FCIC Risk Management Agency under accounting number

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Winegrape Growers Planning Session

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  1. Winegrape Growers Planning Session Heidi Carter, Page County Extension Director Tim Eggers, Iowa State University Extension Field Agricultural Economist Annie’s Project – Understanding Revenue Policies is based upon work supported by USDA/FCIC Risk Management Agency under accounting number 885310200.

  2. Agenda 6:00 Purpose of meeting 6:10 Introductions 6:20 Annie’s Project video 6:30 Annie’s Project overview 6:45 Existing risk management materials 7:00 Break 7:10 Adaptation for Winegrape growers Format Topic mix Speakers matrix Dates, time, and location 7:50 Thank you and closing discussion

  3. The mission of Annie's Project is to empower farm women to be better business partners through networks and by managing and organizing critical information. .

  4. Risk Management Production Risk Price or Market Risk Financial Risk Institutional and Legal Risk Human and Personal Risk

  5. Basic AP Meeting Structure • Six sessions during six weeks • Winegrape session added? • Three hours per session • Thursday evenings • ½ Computer lab and ½ classroom • Female agricultural professionals as presenters • Light meals • Tim as facilitator and backup instructor • January 21-February 25, March 4 snow date • Target class size 15, limit of 20

  6. AP Level II Meeting Structure • Six to nine hours in two or three sessions • Marketing, Financial, and Production Risk • Computer lab when applicable • Female agricultural professionals as presenters if possible • Light meals • Tim as facilitator and backup instructor • Timing – pruning season is late March to early April? • March 11, 18, or 20 for Saturday program • Target class size 10

  7. Time for Discussion No more than one half the time in lecture

  8. Production Risk Crop Insurance Livestock Insurance Risk Management Agency Grape Insurance Hail Insurance Enterprise Diversification Winegrape Varietal Diversification Price or Market Risk Marketing Plans Market Analysis Cash Marketing Winegrape Spot Market Elevator Contracts Winegrape Production Contracts Marketing Access, cooling and hauling winegrapes Five Major Risk Areas

  9. Financial Risk Financial Documentation and Interpretation Farm Service Agency Documentation and Programs Enterprise Analysis Winegrape Enterprise Budgets Vineyard Lifecycle Business Plans Institutional and Legal Risk Estate Planning Property Titling Contract Arrangements Winegrape Contracts Business Structure and Liability Management Tax Liability Management Five Major Risk Areas

  10. Human and Personal Resource Risk Communications and Personality Styles Labor and Personnel Management Life, Health, and Long-term Care Insurance Safety and Disability Insurance Five Major Risk Areas

  11. Funding Basic Annie’s Project $231/person cost • $3,600 Risk Management Agency • $50 per Participant User Fee 100# of grapes • Annie’s Project Level II (estimated) • $135/person cost • $1,700 Risk Management Agency • $50 per Participant User Fee 100# of grapes

  12. First class of Basic AP Kankakee, Illinois 2003

  13. Current Program Status

  14. Production Risk Understand insurance options and be able to evaluate them for fit to the operation Price or Market Risk Examine available markets and price expectations End of Class Impacts - Basic

  15. Financial Risk Increase bargaining power when working with a lender and accuracy in projecting profits Institutional and Legal Risk Evaluate estate plan and update if necessary End of Class Impacts - Basic

  16. Human and Personal Risk Increase communication skills when working with professionals to meet individual and farm business goals End of Class Impacts - Basic

  17. Production Risk Evaluate Risk Management Agency grape insurance, hail insurance, or other private insurance for fit to the operation Price or Market Risk Read the winegrape market signals End of Class Impacts – Level II

  18. Financial Risk Adjust annual enterprise budgets and compare vineyard lifecycle projections to actual profits ? Institutional and Legal Risk Evaluate winegrape contracts End of Class Impacts – Level II

  19. ? Human and Personal Risk Increase communication skills when working with professionals, employees, and family members to meet individual and farm business goals End of Class Impacts – Level II

  20. Long-term Impacts • Increased confidence in decision making • Become better farm managers and business partners • Expand network of peers and professional service providers

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