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Improving Lives. Improving Texas.
Jay YatesJay Yates Extension Program Specialist - Risk ManagementExtension Program Specialist - Risk Management
Texas AgriLife Extension ServiceTexas AgriLife Extension Service
• Estimate costs & returns using forward price information
• Designed to provide a comparison of proposed changes to continuing the business “as is”
• One-on-one approach allows for in-depth assessment of financial future
The Real Power of FARM Assist… Examining Alternatives
• Take on more land• Grow different crops• Restructure debt• Increase livestock inventories• Sell calves at weaning, sell them as
feeders or carry them through the feedlot
FARM Assistance Benefits
“In the last few years, with all the restructuring and extending we’ve done, FARM Assistance has been essential in helping us sort out the long term solutions from the short term patches that simply delay the inevitable.”
Brennan Vaverek, First United Bank, Seminole
FARM Assistance Benefits
• Examine Proposed Plans– Reduced number of non-viable
alternatives– Greater planning of new business
ventures
FARM Assistance Benefits
• Better Informed Decisions– Helps define and project the
producer’s risk, both for the short and long term
– Provides an informative, unbiased look at a farm’s long term financial future
FARM Assistance Benefits
• Educational Outreach– Through the use of this innovative
service producers become better:• Decision makers• Managers• Customers
– Certified FSA Financial Management Training
FARM Assistance Benefits
• Packaging– All production and financial
information for a producer can be summarized in one report
FARM Assistance Costs
• Base fee of $250 for analysis of:– Current situation– Multiple alternatives
• Commitment– Several hours of face-to-face time– Gathering accurate, honest
information
Ralph Waldo Emerson
"I see young men, my townsmen, whose misfortune it is to have inherited farms, houses, barns, cattle, and
farming tools; for these are more easily acquired than got
rid of."
Improving Lives. Improving Texas.
February 17February 17thth
March 5March 5thth
9:00 a.m. – 3:00 p.m.9:00 a.m. – 3:00 p.m.
Texas AgriLife Research andTexas AgriLife Research andExtension CenterExtension Center
ClassroomClassroom
Registration Fee $20Registration Fee $20
South Plains South Plains Profitability WorkshopsProfitability Workshops