Farm Management Classes for Women
The University of Maryland and Delaware Cooperative Extension will conduct Annie’s Project during the winter of 2012 at sites in Maryland and Delaware. Annie’s Project focuses on the many aspects of farm management and is designed to empower women in overall farm decision making and to build local networks throughout the state. The target audience is farmwomen with a passion for business, agriculture and involvement in the farm operation. Topics for the sessions cover the five areas of Risk Management – Production, Marketing, Financial, Legal Risk, Human Resources. This course is open to anyone interested in farm management practices.
The course will be 8 sessions held at a variety of sites in Maryland and Delaware. Locations include: Carroll Community College Westminster MD, Cecil County Main Library Elkton MD, Chesapeake College Wye Mills MD, HEAT Center Aberdeen MD, Prince George’s County ExtensionClinton MD, University of Delaware Research and Education Center Georgetown DE, Washington County Extension Office Boonsboro MD*,Wor-Wic Community College Salisbury MD. Classes will begin on January 25th.
The cost of the course including meals and materials is $75. Please register by January 18th – space is limited. For more information visit the website www.anniesproject.umd.edu or call 410-758-0166. If you require special assistance to attend the classes please contact the site at least two weeks prior.
Annie’s Project has been approved for FSA Borrower Training. For more information, please contact your FSA loan officer.
Grain Marketing educational opportunity!
A grain marketing webinar series starts on Wednesday, January 18th and runs the 1st and 3rd Wednesday of each month.
This fast paced, fact based interactive webinar series is designed to keep you informed on the current state of the corn, soybean and wheat markets on the East Coast. In addition to the sharing of market news and trends, this educational series features a “marketing strategy lesson” twice each month.
Information and registration is available at: http://goo.gl/mqQS2
Announcing: The Executive Program for Producers; Financial Management and Farm Marketing Workshop
Dates: January 25th – 26th, 2012 (The program begins at 9:00 a.m. on Wednesday, January 25th and 8:30 a.m. on Thursday, January 26th. A Dinner Banquet is scheduled at 5:30 p.m. on Wednesday, January 25th ).
Location: Dover Sheraton Hotel, Dover, Delaware
Back by popular demand, the goal of the workshop is to help producers grow their business by providing them the tools and information necessary to run their operations more profitably and teach them how to be more successful year after year. Too many producers today are focused solely on the production/operations side of their business. In today’s competitive environment, farmers who want to stay in business long term, need to understand the financial and marketing aspects of their businesses. By attending a TEPP workshop, participants will learn to run a farming operation more profitably in order to survive and prosper into the next generation.
What topics will be covered?
TEPP was designed to give a farmer the competitive advantage needed to be successful both in the short term (this crop year) and for the years to come. During the seminar, participants receive training in commodity market analysis, components of a marketing plan and the mechanics of developing a marketing plan. The seminar provides 16 hours of hands-on instruction, including problem solving and case studies. Participants will write a 2012 marketing plan for their business based on their operation’s cost of production and profit requirements.
· The future of agriculture
· Target price analysis
· Key financial ratio’s
· Understanding your profit and loss statements
· Determining when is a good time to make an additional investment (land or equipment)?
· Understanding your TRUE costs of production
· How the futures market works
· Understanding futures/options and their roll in risk management
· The use of insurance as a risk management tool
· Fundamental analysis – understanding USDA reports, the impact of China, the threat of South America, etc.
· Technical analysis (what the charts tell us and how should they be used for hedging)
· The big 3 Funds: spec funds, hedge funds and index funds and their roll in price discoveryWho should attend?
Any producer, end user, grain processor or banker who wants to get more familiar with the finance and marketing aspects of their farm business/operation. Past attendees have included: small farmers (100 acres), big farmers (15,000 acres), livestock producers (hog and cattle operations), grain elevator merchants, and bankers.
How much does it cost?
The cost is normally $595 per attendee. However, this workshop is being offered at the reduced rate of $295 per attendee due to partial funding provided by sponsorship. The registration fee includes two lunches, one dinner, and two days of morning/afternoon breaks. Each attendee is responsible for their own lodging. Lodging can be reserved at the Dover Sheraton Hotel by calling 302-678-8500. Be sure to specify that you are attending the TEPP Workshop in order to get the reduced room rate. Be sure to stay the entire 2 days! Even if you live locally, plan to break away from your normal “operations” duties to focus on getting a better handle on your financials and learning the keys to becoming a more successful business person.
What do I need to do to participate in the workshop?
Step one: Get registered (either online, via fax, or regular mail).
Step two: Fill out the profile/application to determine eligibility.
Step three: Start gathering as much financial information on your operation as you can find (preferably Balance Sheet, P&L Statement, and detailed costs of production). You will NOT be sharing this information with other classmates—but you WILL be using it to help get a better handle on the true state of affairs of your business.
For a glimpse of the type of material that will be covered at your TEPP conference, click here: www.GrainMarketingPrimer.com
TO REGISTER for the Dover, DE TEPP Workshop go to: http://www.theexecutiveprogramforproducers.com/
Partial Funding Sponsored by RMA-USDA, the Delaware Department of Agriculture, the University of Maryland, and the University of Delaware.
For further information concerning the two day workshop contact:
Carl L. German, Extension Crops Marketing Specialist
Department of Food & Resource Economics, 208 Townsend Hall, University of Delaware, Newark, DE 19716-2130
Phone: 302-831-1317(o) Mobile: 302-690-1878 Fax: 302-831-6243
List Owner: E-Grain Marketing Club firstname.lastname@example.org;
Farmer’s Grain Marketing Primer www.GrainMarketingPrimer.com; and
Farmer’s Grain Marketing Decision Aid www.webixi.com/grainguide.