The board of trustees of the Ohio state university shall establish a farm production, policy, and financial management institute in OSU extension to train interested and qualified persons to assist farmers in addressing integration of farm production practices, agricultural marketing, farm policy, and financial management challenges.

Participation shall be open to all interested persons, but the following persons shall be given priority as to enrollment: farm owners and managers, employees or representatives of banks and other farm credit agencies, agricultural teachers, and faculty and employees of the Ohio state university and OSU extension who agree to assist Ohio farmers in completing and understanding the coordinated financial statement and other subjects. A fee may be charged participants, as determined by OSU extension, but may be waived for those participants granted priority status at enrollment.