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www.extension.iastate.edu/annie
Annie’s Project Planning Session
Tim Eggers, Iowa State University Extension Field Agricultural Economist
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Agenda
12:00 Purpose of meeting
12:05 Introductions
12:10 Annie’s Project video
12:20 Annie’s Project overview
12:35 Topic mix and speaker’s matrix
12:55 Thank you and closing discussion
1:00 Adjourn
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The mission of Annie's Project is to empower farm women to be better
business partners through networks and by managing and organizing
critical information.
.
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Risk Management
Production Risk
Price or Market Risk
Financial Risk
Institutional and Legal Risk
Human and Personal Risk
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Basic AP Meeting Structure
• Six sessions during six weeks• Three hours per session• Thursday evenings• ½ Computer lab and ½ classroom • Female agricultural professionals as presenters• Light meals• Tim as facilitator and backup instructor• January 21-February 25, March 4 snow date• Target class size 15, limit of 20
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Time for Discussion
No more than one half the time in lecture
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Five Major Risk Areas
Production Risk– Crop Insurance– Livestock Insurance– Enterprise Diversification
Price or Market Risk– Marketing Plans– Market Analysis– Cash Marketing and
Elevator Contracts
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Five Major Risk Areas
Financial Risk– Financial Documentation
and Interpretation– Farm Service Agency
Documentation and Programs
– Enterprise Analysis– Business Plans
Institutional and Legal Risk– Estate Planning– Property Titling – Contract Arrangements– Business Structure and
Liability Management– Tax Liability Management
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Human and Personal Resource Risk– Communications and Personality Styles – Labor and Personnel Management– Life, Health, and Long-term Care Insurance– Safety and Disability Insurance
Five Major Risk Areas
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Funding
Basic Annie’s Project
$231/person cost– $3,600 Risk Management Agency– $50 per Participant User Fee
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Kankakee, Illinois 2003
First class of Basic AP
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Current Program Status
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Production Risk
Understand insurance options and be able to evaluate them for fit to the operation
Price or Market Risk
Examine available markets and price expectations
End of Class Impacts - Basic
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Financial Risk
Increase bargaining power when working with a lender and accuracy in projecting profits
Institutional and Legal Risk
Evaluate estate plan and update if necessary
End of Class Impacts - Basic
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Human and Personal Risk
Increase communication skills when working with professionals to meet individual and farm business goals
End of Class Impacts - Basic
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Long-term Impacts
• Increased confidence in decision making• Become better farm managers and
business partners• Expand network of peers and professional
service providers
