for Extension Faculty, 1999
To provide extension faculty in the western region with training
on leasing and marketing, two key management issues on which they receive many questions
from their clientele.
1. Develop an understanding of the issues involved in designing
equitable leases and how these affect risk
2. Develop an understanding of the critical factors in leases
under changing economic conditions and how these factors influence the level of risk for
the tenant and landlord.
3. Develop a basic understanding of the operation of futures and
options markets and the role they can play in price risk management.
- equitable lease agreements: crops, pasture and livestock
- critical factors in lease agreements under changing economic conditions
- evaluating risk under differing lease agreements: cash vs. share
- factors to consider in lease and lease-purchase of machinery, equipment & buildings
- advantages and disadvantages of marketing alternatives and how
they impact risk
- basics of futures market and options market
- futures markets as a source of price discovery
The workshop will include lecture, discussion and problem sets. Software demonstrations
are also planned. Classroom time is limited to 4-6 hours each day. Evenings and most
afternoons will be free time to work on class assignments or other projects. One afternoon
is devoted to a tour of local agriculture.
Location and Time
Cavanaugh's Canyon Springs Motel in Twin Falls, Idaho
October 11-15, 1999, beginning at 1:00 P.M. on Monday and ending at noon on Friday.
Cost and Registration
Registration fee: $90 covers workshop materials and three lunches: Tuesday, Wednesday
Please make checks payable to: BURSAR University of Idaho, and send directly to: Paul
Patterson, University of Idaho, 1776 Science Center Drive, Idaho Falls, ID 83402.
Space is limited, so register early to guarantee a place. Registration fees
can be paid individually or collectively by a state for all its attendees.
A block of rooms has been reserved at Cavanaugh's Canyon Spring Motel. Call (208)
734-500 and request a room blocked for the University of Idaho Farm Management Workshop.
Single: $50 Double: $60
Partial funding for this workshop is provided by Farm Foundation.
In-Service Training Materials
Leasing and Marketing:
publications are in Adobe Acrobat format. You will need an Acrobat reader to view and
print them. You will also need to configure your WWW reader to use Acrobat as a helper
application. Follow this link to obtain the free
reader and for excellent instructions on configuring your WWW software.