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www.extension.iastate.edu/annie
Annie’s Project Planning Session
Tim Eggers, Iowa State University Extension Field Agricultural Economist
www.extension.iastate.edu/annie
Agenda
12:00 Purpose of meeting
12:05 Introductions
12:10 Annie’s Project video
12:20 Annie’s Project overview
12:35 Topic mix and speaker’s matrix
12:55 Thank you and closing discussion
1:00 Adjourn
www.extension.iastate.edu/annie
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.
.
www.extension.iastate.edu/annie
Risk Management
Production Risk
Price or Market Risk
Financial Risk
Institutional and Legal Risk
Human and Personal Risk
www.extension.iastate.edu/annie
Basic AP Meeting Structure
• Six sessions during six weeks• 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
www.extension.iastate.edu/annie
Five Major Risk Areas
Production Risk– Crop Insurance– Livestock Insurance– Enterprise Diversification
Price or Market Risk– Marketing Plans– Market Analysis– Cash Marketing and
Elevator Contracts
www.extension.iastate.edu/annie
Five Major Risk Areas
Financial Risk– Financial Documentation
and Interpretation– Farm Service Agency
Documentation and Programs
– Enterprise Analysis– Business Plans
Institutional and Legal Risk– Estate Planning– Property Titling – Contract Arrangements– Business Structure and
Liability Management– Tax Liability Management
www.extension.iastate.edu/annie
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
www.extension.iastate.edu/annie
Funding
Basic Annie’s Project
$231/person cost– $3,600 Risk Management Agency– $50 per Participant User Fee
www.extension.iastate.edu/annie
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
www.extension.iastate.edu/annie
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
www.extension.iastate.edu/annie
Human and Personal Risk
Increase communication skills when working with professionals to meet individual and farm business goals
End of Class Impacts - Basic