Producer Focused Results
Risk management results or outcomes help farm and ranch families to improve their economic viability through targeted risk management education and are the sole purpose of the Extension Risk Management Education (ERME) Grants Program. The results or outcomes producers learn, achieve or apply immediately after, or within six months to a year following completion of a project should help to improve their farm or ranch economic viability. Economic viability refers to the farm’s or ranch’s ability to improve profitability and to increase opportunities for equity growth over time.
The grant award decision process awards funds to applicant organizations who: 1) can clearly identify the risk management results (outcomes) for producers who participate in their projects; 2) can verify (measure) the results that producer participants will learn, achieve or apply; and 3) can demonstrate that the project they propose has a high probability that producers who participate will actually achieve the identified risk management results. Successful proposals must be able to clearly identify how their proposed results enhance farm or ranch economic viability.
The following example shows a set of proposed risk management results (series of progressive actions) a producer takes to manage human risk through effective farm succession planning:
- Using a series of workshops, 50 producers will understand the following components of a farm succession plan: business and financial planning, asset transfer planning, management transfer planning, professional expertise needed for a farm succession plan, succession timeline plan and retirement planning.
- In the final workshop in the education series, 50 producers will evaluate and discuss a succession plan case study.
- Twenty-five producers will develop a succession plan for their farm.
- Twenty-five producers will decide to implement their succession plan to serve the needs of their farm and family in order to improve farm equity growth over time.
- Ten producers will implement the actions needed to have a legally recognized succession plan.
- One year after the project ends, the 25 producers who developed a succession plan will be interviewed to determine if any additional legally recognized actions were implemented.
A successful applicant must have: 1) a well written application; 2) a well designed program; 3) good program materials; and 4) an excellent team to convince the panel the program they propose will deliver risk management results for producers that will improve their farm or ranch economic viability. Successful applicants implement projects that keep the focus on the proposed risk management results (beginning with the end in mind), while insuring that their program design supports the delivery of producer risk management results.