Risk Management workshops scheduled.

Chabella Guzman Author

11/20/2024 Added

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The University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension will host risk management workshops for livestock producers in Chadron on Dec. 3 and Scottsbluff on Dec. 4.

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[00:00:00.000]The University of Nebraska-Lincoln's Center for Agricultural Profitability and Nebraska Extension will host risk management workshops for livestock producers in Chadron on December 3rd and in Scottsbluff on December 4th.
[00:00:14.380]Shannon Sand, Nebraska Extension Associate Educator in Ag Economics, gives us more details.
[00:00:20.380]Livestock risk exists in many forms in Nebraska, whether that is human, financial, production, legal, or market risk. It's all out there.
[00:00:27.800]The goal of this program is really to provide producers with tools and resources needed to navigate the volatile livestock market and better manage risk through the creation of a risk management plan.
[00:00:37.040]Some topics that will be discussed include things like managing drought risk with pasture, rangeland, and forage insurance, and managing price risk with Livestock Risk Protection, or LRP.
[00:00:47.960]The Weaned Calf Risk Protection Program, which is new this year, is also going to be discussed.
[00:00:53.340]We also are piloting the Ag Budget Calculator for Livestock, which is a new budgeting tool
[00:00:58.620]coming out from UNL soon, as well as the discussion of creating contingency plans for
[00:01:03.480]when those unexpected things happen.
[00:01:05.160]Think of the big three, things like hail, tornadoes, and fire.
[00:01:09.120]Oftentimes, we don't really have a plan in place for our leases on who is picking up
[00:01:15.100]the cattle or moving the cattle should one of those things happen.
[00:01:17.740]So there's a discussion of a lot of those types of things happening in this meeting.
[00:01:22.340]The workshops are free, and both are from 5.30 to 7.30.
[00:01:26.000]Registration is required.
[00:01:27.720]In Chadron, call the Dawes County Extension at 308-432-3373.
[00:01:33.680]And in Scotts Bluff, call the Extension Center at 308-632-1230.
[00:01:39.880]Ag Watch has been brought to you by the UNL Panhandle Research Extension and Education Center.

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Risk Management workshops scheduled.

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