The “Managing Agricultural Land in 2020 and Beyond” meeting series provides outreach to extension clientele focusing on the current economic and financial risk management issues involving agricultural land and assets across farms and ranches. Funding in 2019 by the North Central Extension Risk Management Education Center allowed this program to be delivered across 16 meeting sites in Nebraska with over 300 people in attendance representing diverse land holdings across the state.
The program curriculum focuses on addressing the financial and legal considerations for leases; negotiation skills to communicate with landlords, tenants, and input providers; approaches to address transition or succession of the agricultural assets; and improve short and long-term decision making for better financial outcomes. Participants in attendance learn about current financial and legal forces impacting leases across Nebraska. Effective negotiation skills address techniques to settle on more equitable lease or input prices. Furthermore, addressing strategic succession objectives increase the longevity of family land holdings and a feasible transfer in the future. Improving management skills as part of short and long-run decision enable participants to better prepare for future unseen events adversely affecting their financial position and overall operation success.
To determine the effectiveness of this outreach program, an end of meeting evaluation (n = 228) was presented to those in attendance. From these evaluations: 94.4 percent of participants rated the quality of the presentation as good to very good, 82.1 percent of participants planned to develop a strategic plan to better address risk, and 65.6 indicated the desire to reduce financial hazards to improve profitability for their agricultural land and operation within the next 6 months to a year.
|Conference||2020 Extension Risk Management Education National Conference|