Farm Management Team Receives Grant

Farm Management Team Receives Grant

June 1, 2020

Madeline Schultz, Program Manager | Iowa State University Extension and Outreach

515-294-0588 | schultz@iastate.edu

The North Central Extension Risk Management Education Center (NCERMEC) recently awarded $100,000 to Madeline Schultz, Project Director, and the Iowa State University Extension and Outreach Farm Management Team for programming to develop risk management education for ag producers. The project, Risk Management Strategies for Iowa’s Beginning and Women Farmers in Uncertain Times, will address risk management for agricultural producers in Iowa.  

Emily Boettcher is a NW Iowa farmer.In 2020, the uncertainty of global trade, a global pandemic, and a changing rural economy continue to challenge net farm income. Iowa’s beginning farmers and women farmers, who often have fewer resources and less experience, have the greatest exposure to financial, market and production risks. The project team will design crop and livestock insurance lessons including scenarios, action steps, and decision tools with explanations on why to utilize insurance and how indemnities are triggered. Beginning farmers and women farmers will: 1) understand how insurance helps protect net farm income, 2) access risk management tools and decision-making resources, 3) implement new risk management strategies to improve net farm income, and 4) develop supportive connections with Extension professionals and each oth

For 19 years, the Extension Risk Management Education program has awarded grants for projects that educate farmers and ranchers with tools and training they need to address the uncertainties in farm income and manage their risk. Funding decisions are made by an Advisory Council of peers from the 12-state north central region all of whom specialize in agricultural risk management.

“This funding will be used to develop and implement educational programming for agricultural producers addressing production, financial, legal, human, and marketing risk,” said Brad Lubben, NCERMEC program director. Project directors are from north central universities and government agencies as well as non-profit organizations

The North Central Extension Risk Management Education Program is funded by USDA’s National Institute of Food and Agriculture (NIFA) and has been hosted by the University of Nebraska–Lincoln Department of Agricultural Economics and Nebraska Extension since 2001. The North Central Center serves the 12-state region of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The Center was awarded $3.3M by USDA/NIFA in 2018 to continue serving as the north central host for three more years. In addition to the North Central Center, ERME regional centers are located across the country at the University of Delaware (Northeast), the University of Arkansas (Southern) and Washington State University (Western).

For more information and to see a full listing of funding recipients and their projects, go to www.ncerme.org.

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