Risks in agriculture today are greater than ever before and the stakes are high.
The Texas A&M AgriLife Extension Service will conduct a Cotton and Grain Risk Management Workshop from 9 a.m. to 4 p.m. March 7 at the Texas A&M AgriLife Research and Extension Center at 7887 U.S. Highway North, San Angelo.
"We'll have a team of AgriLife Extension economists here to cover the cotton and grain market outlook, crop insurance, and the price risk tools producers can use to improve the risk management of their operations," says Bill Thompson, Texas A&M AgriLife Extension Service economist at San Angelo and workshop coordinator. "We'll also be assisting producers in making their crop mix planting decisions, crop insurance sign-ups, and marketing plan development."
He says the risk workshop is geared for cotton and feed grain producers that already have at least a basic knowledge of forward contracting and hedging with futures and options. However, the teaching team is ready to work with those producers without such knowledge, he says.
Thompson will be joined by Texas A&M AgriLife Extension Service state grain and cotton marketing specialists, Dr. Mark Welch and Dr. John Robinson of College Station.
Specific topics in the risk management workshop will include:
--Crop Insurance Products, Prices and Impacts
--Budgets, Break-evens, and Crop Mix
--Grain and Cotton Market Outlooks
Thompson also adds that there will be a marketing strategies discussion conducted during the lunch, followed by an interactive risk management game designed so participants actually can practice the skills that were covered during the workshop.
Individual registration is $20 due upon arrival.
For more information on the workshop, you can contact Thompson at 325-653-4576, Extension 286, or by Email to firstname.lastname@example.org or by calling Robinson at 979-845-8011 or Email to email@example.com or Welch at 979-845-8011 or JMWelch@ag.tamu.edu.