How to make a Successful Risk Management Education Grant Application National Farm Business Management Conference June , 2010

 Risk Management Overview  Request for Applications  Evaluation Criteria 2

Risk: Possible adverse event that has the potential to interfere with:  Business entity’s financial stability,  Ability to achieve mission 4

Universe of Risk:  Production  Marketing  Financial  Legal  Human Resources 5

Risk Management: ◦ Tools and strategies reducing financial effects of risk. ◦ Ability to run a business in rapidly changing business environment. 6

Extension Risk Management Education 7  Legislative Mandate  Education for producers in the “full range of risk management activities”

2008 Farm Bill - Special Emphasis Groups: A.Beginning Farmer - one who has not operated a farm or rancher for more than 10 years B. Legal Immigrant Farmers or Ranchers C. Socially Disadvantaged –SDA groups include women, African Americans, American Indians, Alaskan Natives, Hispanics, Asian Americans and Pacific Islanders. D. Farmers or ranchers that are preparing to retire; and are using transition strategies to help new farmers or ranchers get started E. New or established farmers or ranchers that are converting production and marketing systems to pursue new markets 8

Program Goal: Participants in education programs achieve specified risk management results 9

What are Proposed Risk Management Results? Measurable and verifiable risk management actions that participants learn, achieve and apply Within six months to a year 10

A grant awarded is an investment made by the North Central Risk Management Education Center to help producers achieve the proposed risk management results. 11

Return on investment: changed behavior or actions taken by participants resulting in increased ability to manage risk. 12

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Size of Awards $5,000 to $50,000 Regional Awards No set maximum from each category 15

North Central RME Grant Categories Unrestricted Competitive Grants Projects addressing production, marketing, or financial management Human Resource Farm succession, communication, labor issues Value Added Entrepreneurship and diversification Special Emphasis Challenge Grants Challenge grants are for those representing a special emphasis group to establish collaboration and educational needs to create a delivery plan for an educational program and apply for a competitive grant in the 2011 grant cycle. 16

Two-Step Process Step One  Pre-Proposal  Due 5:00 PM CST, ???  Applications reviewed by Advisory Council  Notification ??? 17

Two-Step Process Step Two  Full Application  Due 5:00 PM CST, ???  Applications reviewed by Advisory Council  Funded projects announced ??? 18

Project Time Line 12 Month Award Start date July 1, 2011 End date June 30, month Extension (if requested) End date December 31,

21 Proposed Results40% Results Verification20% Producer Demand20% Collaboration10% Wide Application5% Innovation5%

22 Proposed Results – 40% Clear identification/documentation Results achieved by participants Focus on participants’ actions not activities

Proposed Results  Single most important factor in funding decisions  “What you anticipate participants will learn, achieve and apply”  Specific, measurable and verifiable 23

Looking at Proposed Results  What is the risk management improvement for producers?  Is it a result vs. project step?  What is the producer action? Understand, Evaluate, Develop, Decide or Implement? 24

These are GOOD Proposed Results  Workshop attendees will begin developing a written transfer plan  Participants will calculate breakeven prices for their farm operation to successfully market grain  Participants will implement farm business transfer strategies 25

These are GOOD Proposed Results  Participants will implement a succession plan for their farming operation.  Participants will understand how to select the proper crop insurance product to match their financial need and marketing plan.  Attendees will develop written goals for their operation 26

Proposed Results These are NOT Risk Management Results:  P roducers will attend workshop on..  Project will develop a workbook  Participants will visit our website to..  Final report will be submitted  Educators will be trained to deliver the program  End of workshop evaluation will be conducted 27

28 Results Verification– 20% How and when will results be measured? How will you verify risk management results were achieved?

29 Producer Demand - 20% Risk management need and demand Will producers apply strategies and tools taught? Show evidence producers will participate

How to improve?  Sell your program to the Advisory Council by: ◦ Clearly stating the need for this program. ◦ Explaining why participants will want to participate. ◦ Explaining why the delivery methods you have chosen are the best methods to reach your audience. ◦ Citing any survey or evaluation data which show producers are committed to the program.

31 Collaboration – 10% Collaborators provide technical expertise/knowledge Collaborators provide participant access Collaborators play specific role

32 Wide Application – 5% Can program and techniques be applied elsewhere? Can materials and techniques be adapted to other situations? Annie's, Winning the Game etc.

33 Innovation – 5% Innovative approach and materials building on existing knowledge base.

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Link to the Application Site  North Central Risk Management Education Website  ation/Default.aspx?G=NCCRME ation/Default.aspx?G=NCCRME ation/Default.aspx?G=NCCRME 36

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39 Getting Started Register New Project Enter Information Select Grants Program (descriptions are on page 4 of the RFA) After registration: Receive with pre- proposal number and password Log In to Pre-proposal

40  Important Information  Registration Information  Proposed Results  Producer Demand  Audience Emphasis  Review Past Projects  Project Summary  Additional Regions  Amount Requested  Project Team  Final Checklist  Submit Pre-proposal -Read this section -Update any changes

Additional Regions  If you are applying to other regions, check the additional centers that you are applying to.  Applications will be shared across regions during the proposal review process.  In your application only include information that is pertinent to the region you are currently applying to. 41

Helpful Suggestions  Use the Proposal Resources  Refer to the Instruction menus  Avoid the 5:00 deadline 42

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44 North Central RME Center Staff Doug Jose, Director Dave Goeller, Deputy Director Cheryl Griffith, Project Specialist Alissa Haines, Grants Coordinator For questions concerning the Application Process please contact Cheryl Griffith at , THANK YOU FOR JOINING US!