Agricultural Business Management
Extension agricultural business management efforts focus on enhancing agricultural profitability and managing farm risks. Major program objectives include:
- Assisting agricultural producers with developing strategies to manage business risks.
- Enhancing farmers’ abilities to apply economic analysis techniques to production decisions.
- Helping agricultural entrepreneurs and natural-resource firm owners develop sound business and financial plans.
- Assisting farmers with adoption of long term plans to address asset transfer, business structure and retirement.
- Enhancing agricultural producers’ sales by improving their understanding of market options and customer demand.
Delivery of Cooperative Extension agricultural business management programs in New Hampshire relies on cooperation among Agricultural Resource Educators and Extension Specialists. University research and teaching faculty, government agency staff and private industry professionals also play an important role. The University of New Hampshire Cooperative Extension contact for information on statewide programs is Michael Sciabarrasi.
- Risk Management
Risk management recognizes a new, expansive vision for agriculture, a vision taking into account the interdependency between family, business and community. Risk management programs center on five themes. Production risk examines the variability associated with yield or output. Marketing risk deals with price fluctuations and target market sales. Financial risk addresses securing business equity while meeting cash flow needs. Human resource risk focuses on the role of people in the firm. Legal risk considers business agreements and environmental issues. - Slide Show Presentations:
- Crop Insurance:
- Risk Management:
- Identifying Sources of Risk
- Risk Bearing Ability and Management Strategies
- Completing the Risk
Management Plan & Resources
(The Above presentations are Flash Files *)
- Financial Management
Financial and business plans are essential to the success of new farms
and the continuation of existing farms considering major changes in operations.
The University of New Hampshire Cooperative Extension conducts financial
and business planning workshops for dairy and livestock farmers, vegetable
and fruit growers, ornamental firms, loggers, aquaculture firms, and other
natural resource based operations.
- Human Resource Management
- Links
- Center for Farm Financial Management
- National Ag Risk Education Library
- New England Agricultural Statistical Service
- NH Dept. of Revenue Administration
- NH Department of Agriculture, Markets & Food
- USDA Agricultural Marketing Service
- USDA Risk Management Agency
- US Small Business Administration New Hampshire
The New Hampshire Cooperative Extension risk management program has incorporated
New England wide conferences, research on the viability of revenue products,
and intensive in state industry and producer training. New England conferences
have served as professional training for agricultural industry leaders
with participation from university and agency personnel. New Hampshire
seminars and workshops focus on one or more of the five themes and are
conducted across the state at various locations, targeting farmers as well
as agricultural professionals.
Publications:
Business planning workshops utilize university marketing and management specialists as well as bankers and industry experts from across the state. In many programs, human resource and family development experts often present material on the human aspects of a family firm, such as identification of goals and objectives and development of a family budget. This mix of experts provides participants with a well-balanced and comprehensive approach to planning.
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