Risk Management for Beef

National, state cattle associations present workshops in North Carolina.

Published on: Nov 13, 2006

Producing beef can be risky business. A single instance of disease outbreak, for example, can send shockwaves through the industry - and through your financial plan. That's why the National Cattlemen's Beef association (NCBA) and the North Carolina Cattlemen's Association (NCCA) have joined forces to present a risk management workshop that can help you buffer those shocks.

The two-day workshop will be held Nov. 29 at the George Upton Livestock Arena in Clinton, N.C., and on Nov. 30 at the Iredell County Ag Center in Statesville.

Among the presenters will be N.C. State University extension economist Geoff Benson, Errol Baxter, associate director of commodity products for the Chicago Mercantile Exchange (CME), and Tom Clark, manager of commodity products for CME. They'll talk about futures, options, hedges, short sales and other about risk management tools that can be used to lower your exposure to risk.

Registration is required and includes meals and break snacks. The registration fee for the two-day event is $15 for NCCA and NCBA members or members of any of NCCA's state affiliates. The fee is $35 for non-member registrations.

For more information contact NCCA executive director Bundy Plyler at (919) 552-9111 or email bundy@nc.cattle.com. Alternately, you can contact Renee Lloyd, director of production systems for NCBA, at (303) 850-3373 or rlloyd@beef.org.