In-Service Education
for Extension Faculty, 1999

Purpose

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.

Goals

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.

Topics

Leasing

- 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

Marketing

- 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

Format

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 and Thursday.

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.

    Lodging

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

Training Topics

Date

Leasing and Marketing:

October 1999

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