Applied Economics Teaching Resources

an AAEA Journal

Agricultural and Applied Economics Association

Extension Education

Challenges with Developing an Extension Program for Markets Evolving under an Uncertain Framework: Lessons from Program Development for Carbon and Hemp Markets

Charley C. Martinez(a), S. Aaron Smith(a), Tyler Mark(b), and Paul Goeringer(c)
University of Tennessee(a), University of Kentucky(b), and University of Maryland(c)

JEL Codes: Q13, Q15, Q16, Q19
Keywords: Carbon markets, Extension, hemp, new markets, programming

Publish Date: July 28, 2022
Volume 4, Issue 3

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Abstract

Extension programs are the link between producers, applied research, and policy. Additionally, Extension educators are often the initial point of contact for producers when new agricultural markets emerge. Emerging markets provide opportunities and challenges for all producers. However, developing an Extension program to assist producers can be difficult due to limited production information (or process clarity), a lack of infrastructure, uncertain marketing channels, and uncertain policy direction. During the emergence of new commodities or markets, the development of Extension programming is necessary to aid producers and other agricultural stakeholders in clarifying the risks and rewards of entering or participating in the market. A further complication is a bimodal distribution of clientele ranging from those operators new to agriculture to established operators.
The development of carbon and hemp markets in the United States highlights the difficulties in providing producers with timely information when a highly uncertain policy and regulatory environment exists. This paper discusses how to develop an Extension program to address producers’ needs for emerging markets effectively. Specifically, we highlight the benefits of collaboration, obtaining grant funding, program development, and identifying research topics. Finally, the program development discussed can be utilized by Extension educators when developing programming for future emerging markets.

About the Authors: Charley C. Martinez is an Assistant Professor at the University of Tennessee (Corresponding Author: cmart113@utk.edu). S. Aaron Smith is an Associate Professor at the University of Tennessee. Tyler Mark is an Associate Professor at the University of Kentucky. Paul Goeringer is an Extension Specialist at the University of Maryland. Acknowledgments: This work is supported by the Agriculture and Food Research Initiative (AFRI) program, Grant no. 2021-68008-33894/project accession no. 1025097, from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.

Copyright is governed under Creative Commons CC BY-NC-SA

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Articles in this issue

A Research-Based Extension Curriculum to Improve Negotiation Skills and Outcomes for Agricultural Stakeholders
Christopher Bastian, Hernan Tejeda, Patrick Hatzenbuehler, Kate Binzen Fuller, John Hewlett, Ashlee

Linking Research and Practice: The Role of Extension on Agritourism Development in the United States
Claudia Schmidt, Lisa Chase, Carla Barbieri, Ellie Rilla, Doolarie Singh Knights, Dawn Thilmany, Sta

Extension Program Development for Early Career Faculty
Melissa G.S. McKendree and Mykel R. Taylor

Challenges with Developing an Extension Program for Markets Evolving under an Uncertain Framework: Lessons from Program Development for Carbon and Hemp Markets
Charley C. Martinez, S. Aaron Smith, Tyler Mark, and Paul Goeringer

The Role of Mentoring in Increasing New Extension Faculty Success Rates
Amy D. Hagerman, Tori L. Marshall, Martha J. Sullins, and Kenneth H. Burdine

Building Up the Next Generation of Extension Specialists
Tori L. Marshall, Amy D. Hagerman, Hannah E. Shear, Kenneth H. Burdine, and Becca B.R. Jablonski