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Farm Management Team Receives Grant

Farm Management Team Receives Grant

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.  

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 other.

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