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Assessment Tools for Improving Farmer Financial Skills - an NGFN webinar

Farming is a business, but many farmers are not familiar with many of the tools available to manage their farm finances. The first crucial step to intelligent financial decisions is assessing your current situation, and understanding your historical trends. This webinar focuses on three assessment-centered tools and programs. First, we will learn about a tool for farmer trainers themselves - to assess the strengths of the trainer’s knowledge as well as assess students’ knowledge at the outset and their subsequent progress. Second, how Annie's Project, a highly successful program for women farmers, integrates such an assessment tool as a part of the curriculum. And third, an entry level training tool that walks farmers through farm business cash flow analysis in an approachable way. Assessment is not the end goal of beginning farmer training. However, assessment is fundamental to the success of financial skills education by providing a measurable feedback loop for improvement, adjustment, and documentation of effectiveness.

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About the Extension Foundation

The Extension Foundation was formed in 2006 by Extension Directors and Administrators. Today, the Foundation partners with Cooperative Extension through liaison roles and a formal plan of work with the Extension Committee on Organization and Policy (ECOP) to increase system capacity while providing programmatic services, and helping Extension programs scale and investigate new methods and models for implementing programs. The Foundation provides professional development to Cooperative Extension professionals and offers exclusive services to its members. In 2020 and 2021, the Extension Foundation has awarded 85% of its direct funding back to the Cooperative Extension System, 100% of funds are used to support Cooperative Extension initiatives. 

This technology is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of useat extension.org/terms.

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