Risks, Strategies and Resources for Small Scale Producers OCES OKSBDC Partnership Risk Management Understanding the nature of risk Selecting appropriate strategies to reduce risk Areas of Risk Management Production Marketing Financial
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Presentation Transcript
01
Risks, Strategies and Resources for Small Scale Producers OCES & OKSBDC Partnership<br>
02
Risk Management Understanding the nature of risk
Selecting appropriate strategies to reduce risk<br>
03
Areas of Risk Management Production
Marketing
Financial
Legal
Labor/Human<br>
04
Production Risk Challenge
Affects both quantity and quality of production
Caused by weather, pests, diseases, etc. Mitigation Strategies
Enterprise Diversification
Season extension
Insurance Help producers to make a farm plan
Help producers to do costs and
returns analysis of various mitigation strategies<br>
05
Marketing Risk Marketing Challenges
Difficulty to access market
Fluctuating product demand
Limited infrastructure Mitigation Strategies
Access to variety of markets/customers
Use of contracts
Adding value We help producers to develop a marketing plan, connect
with alternative market infrastructure
Provide producers with the tools, techniques & resources
needed to help increase sales<br>
06
Financial Risk Common challenges
Cost and availability of financing options i.e Capital and operating
Cost of input expenses
Record keeping Managing Risk
Understand loaning requirements
Keeping and using records
Undertake finance risk assessment often We help producers to prepare the loan application package
We offer business start 101 training workshops/field<br>
07
Legal Risk Challenges
Legal disputes
Major sources of disputes
Labor issues
Market contracts
Food safety issues Mitigation Strategies
Farm liability and product liability insurance
Knowledge and compliance to food laws for inspection, quality and handling Provide producers resources like fact sheets, referrals to experts on specific issues.
We assist producers to develop food safety plans to be used at the farm.<br>
08
Human/Labor Risk Challenges
Worker safety
Shortage of skilled labor
Setting goals Mitigation Strategies
Compensation insurance
Offer effective training
Set clear goals and talk about them We help producers develop farm goals.
Help producers develop a training plan for new workers/help.
We assist producers to establish farm food safety plans.<br>
09
Working with Local OCES Opportunities
Can meet clients at local county offices
Client meetings by appointment – 2 hour sessions
Follow up client meetings are possible Services
Group workshops
Confidential client meetings
Multiple clients per day
Promote County services<br>
10
Consultation for all Sign up for free, confidential consulting at www.oksbdc.org
Register tab
Select OSU Extension Services as your center.<br>
11
Questions James Arati
Tel: 405 321 4774
Jarati@okstate.edu<br>
