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Impact Analysis of Farm Finance Workshops

Volume

36

Issue

3

Abstract

As a means of providing financial management outreach to Northeast farmers, 6-day workshops were conducted with a format consisting of video and satellite presentations, individual exercises, homework, and graded exams. Educational impacts, defined as the change in net worth resulting from participant application of management tools taught, were surveyed at the close of the workshops. The level of educational impact averaged about 4% of gross farm income. Farmers with only a grade school education achieved the highest proportional increase in comprehension of financial statements and financial planning. Impact value in proportion to gross income was highest among this group. Those with a college education and more frequent participation in other Extension meetings achieved the highest dollar value of impact and were more satisfied with workshop participation.

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