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PURDUE MANAGEMENT ACADEMY: TARGET 2015

Extension Education

Kelly Heckaman
EXTENSION EDUCATOR - AGRICULTURE & NATURAL RESOURCES
PURDUE EXTENSION, KOSCIUSKO COUNTY
WARSAW

Abstract

\r\n    The Purdue Management Academy: Target 2015 was developed to provide Indiana agricultural producers with strategic risk management tools to remain competitive in a volatile agriculture industry. Because Indiana farms over 2,000 acres have increased by 90% since 1992, agricultural producers are requesting educational programs to improve management skills in financial analysis, price risk, employee relations, transition and estate planning. To meet the needs of these agricultural producers a 4 day, multi week program was created to enhance their strategic risk management decision making skills.  The Academy was developed by Purdue Extension Educators and Specialists and offered to 40 Indiana producers. After completion of the program, 50% of the participants shared they would change the way they operate their farm operation. Skills with the most immediate impact in their operations were: standard operating procedures, setting goals, financial analysis, contingency plans, and conflict management skills. Eight months after the completion of the program, 100% of the participants implemented one new risk management tool or idea into their farm operation while completing business, contingency, public relations, marketing, and estate plans. Producers estimated that new ideas or tools implemented increased their income anywhere from $3,000 up to $20,000.

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Poster has NOT been presented at any previous NACAA AM/PIC

This poster is being submitted for judging. It will be displayed at the AM/PIC if not selected as a State winner. The abstract will be published in the proceedings.

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Authors: K. L. Heckaman, S Clupper, E. Farris, W Horan, G. Horner, S. Johnson, P. Marcellino, J. Neufelder, D. Ritter, A. Smith, P. Sutton, R. Yoder
  1. Heckaman, K. Extension Educator, Agriculture & Natural Resources, Purdue Extension - Kosciusko County, Indiana, 46580
  2. Clupper, S. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Blackford County, Indiana, 47348
  3. Farris, E. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Huntington County, Indiana, 46750
  4. Horan, W. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Wells County, Indiana, 46714
  5. Horner, G. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Miami County, Indiana, 46970
  6. Johnson, S. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Knox County, Indiana, 47591
  7. Marcellino, P. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Howard County, Indiana, 46901
  8. Neufelder, J. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Posey County, Indiana, 47620
  9. Ritter, D. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Newton County, Indiana, 47963
  10. Smith, A. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Fountain County, Indiana, 47932
  11. Sutton, P. Extension Educator, Agriculture & Natural Resources, Purdue Extension -St. Joseph County, Indiana, 46601
  12. Yoder, R. Extension Educator, Agriculture & Natural Resources, Purdue Extension -Marshall County, Indiana, 46563