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New Extension Team Focused on Improving Farmers’ Business Decisions

New Extension Team Focused on Improving Farmers’ Business Decisions

AUBURN, Alabama — The Alabama Cooperative Extension System has launched a new program team to assist farmers and agricultural producers enhance their operations. The new Farm and Agribusiness Management Team will help producers and agribusinesses in being and remaining successful enterprises.

Max Runge, an Alabama Extension economist, said that the new team will focus on aiding producers on several topics.

“Our team’s focus is on aiding producers to develop and evaluate business plans and to design optimal risk and financial management strategies,” said Runge. “The team will assist beginning farmers in implementing successful business tactics. Providing tax education for farmers, as well as tax professionals, also will be a job description of the team.”

The Team

The team, led by Runge, is comprised of several regional Extension agents with their own area of specialty:

The Farm and Agribusiness Team will also have the assistance of several Auburn University Extension specialists. Runge said that the team is in the process of developing educational programs and materials for the public.

Programming

“The team is working on programming in several areas. These topics include farm budgeting, financial recordkeeping and business planning,” said Runge. “In the future, the team will be available to aid growers in performing farm financial analysis of their operations.”

Dr. Paul Brown, associate director of Alabama Extension, said that Extension programs are always looking for ways to reach the needs of the public.

“Our Extension programs continually evolve to be relevant and to address the opportunities and challenges of doing business in Alabama’s dynamic agriculture and forestry industries. Farmers, agribusiness and a new generation of entrepreneurs are facing major decisions related to expansion, diversification and ownership/management transitions,” said Brown. “This is a joint effort involving Alabama Extension and Auburn University’s College of Agriculture’s department of agricultural economics and rural sociology.”

For more information, visit Alabama Extension online or contact your county Extension office for more information.

 

Featured image by: Phovoir/shutterstock.com

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