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RISK MANAGEMENT TOOLS: The workshops will cover marketing tools to protect against price declines, programs for protecting against weather-related forage loss, and current issues facing the cattle industry.

Cattle production risk workshops planned in Nebraska

Talks will focus on strategies to reduce risk in marketing and forage production to reach a profitable outcome.

By Jim Jansen, Jay Parsons and Elliot Dennis

Nebraska Extension will be hosting risk management workshops for cattle producers at five locations throughout the state in November and December.

Join specialists and educators from the University of Nebraska-Lincoln as they present vital information on strategies designed to reduce risk exposure associated with cattle marketing and forage production to achieve a profitable outcome in uncertain times.

Topics covered during the workshop include marketing tools available to protect against unfavorable price declines, programs for protecting against weather-related forage losses, and current issues facing the cattle industry.

Specific marketing tools covered during the workshop include futures and options, as well as Livestock Risk Protection insurance. Programs covered to guard against weather-related losses for grazing land and annual forages include Pasture, Range, and Forage insurance; Annual Forage insurance; and Farm Service Agency disaster programs. Current issues and opportunities facing the cattle industry also will be discussed.

Dates and times for the meetings, "Managing Cattle and Forage Production Risk: Protecting Profits in Uncertain Times," include:

  • 5:30 to 8:30 p.m. MST, Tuesday, Nov. 5, Country Kitchen Restaurant, 1250 W. 10th St., Chadron, Neb. Contact Jack Arterburn at 308-327-2312.
  • 5:30 to 8:30 p.m. MST, Wednesday, Nov. 6, Buffalo Point Restaurant, 638 Cabela Drive, Sidney, Neb. Contact Aaron Berger at 308-235-3122.
  •  5:30 to 8:30 p.m. MST, Thursday, Nov. 7, Bunkhouse Bar & Grill, 306 Fir St., Arthur, Neb. Contact Randy Saner at 308-532-2683.
  •  Noon to 3 p.m. CST,  Wednesday, Dec. 4, dairy-focused livestock and forage meeting, Ramada Hotel & Conference Center, 265 33rd Ave., Columbus, Neb. Contact Kimberly Clark at 402-472-6065.
  •  5:30 to 8:30 p.m. CST, Monday, Dec. 9, Tumbleweed CafĂ©, 850 East S. East St., Broken Bow, Neb. Contact Troy Walz at 308-872-6831.

To register for the meetings, call the contacts listed above or visit go.unl.edu/cattlerisk.

There is no cost to attend these workshops and a complimentary meal will be provided, but registration is required three days before the start of a workshop to ensure an accurate meal count.

Funding for this project is provided in partnership by USDA's Risk Management Agency.

Jansen is an Extension agricultural economist; Parsons is an Extension farm and ranch management specialist; and Dennis is an Extension livestock marketing specialist at the University of Nebraska-Lincoln.

Source: UNL Department of Agricultural Economics, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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