Farmers Business Game
As German Sparkassenstiftung, we provide Farmer Business Game, a highly interactive training designed for smallholders, aspiring farmers and agricultural entrepreneurs who want to develop successful and sustainable farm management skills.
During the “Farmer Business Game”, participants face the challenging task of managing a farm as a group. They experience managing a farm for three rounds, increasing their financial literacy and agricultural knowledge of farm management. Each group is responsible for the development of their own farm and discusses possible solutions and results with other group members.
Throughout the training, participants choose appropriate crop and livestock, develop their land by investing in new areas, and always pay attention to ensuring the well-being of their families. At the same time, they increase their financial knowledge and gain knowledge on different topics such as sales and customer management, contract farming, efficient farm management and risk management.
The main purpose of the "Farmer Business Game" training is to provide participants with basic knowledge about farm management through an experience-based approach. Thus, it creates sustainable solutions by increasing the efficiency and profitability of its farms.
The Key Learnings of the Farmers Business Game Training:
- Learning the importance of crop and animal selection, considering the costs incurred during harvest time, and to gain insight into farm management,
- Understanding how to reduce harvest and seasonality-related risks and how to be prepared against these risks by using different strategies such as savings, credit products or insurance,
- Understanding the role of different business stakeholders such as customers, neighboring farmers, financial institutions, and farm workers,
- Increasing the ability to understand financial statements and long-term planning approach by using financial tools such as cash flow statement, income-expense statement, and balance sheet,
- Increasing banking capability and therefore securing future financing options,
- Using financial statements; understanding sales and customer relationship management.
“Farmers Business Game” training takes three full days face to face.
Please click the link to receive more detailed information regarding “Farmers Business Game”.
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