Monday, October 10, 2011

Continued Drought Requires Better Risk Management

            Dry weather and high input prices are making crop production and marketing risk management decisions even more difficult for 2012. A one day workshop focusing on Crop Risk Management will be held on Tuesday, October 25, 2011 at the Texas AgriLife Research & Extension Center at Corpus Christi (10345, HWY 44) from 9 a.m. to 3:30 p.m.  The workshop will focus on incorporating crop insurance products with marketing strategies to help develop a marketing plan to manage production and marketing risk that improves overall farm risk management.
            The workshop will be conducted by Extension Grain and Cotton Marketing Specialists.  A new software tool will be demonstrated that will evaluate risk implications with various insurance alternatives.  The software will be made available to all workshop participants.  A market outlook for feed grains and cotton will be given with implications for planting and marketing decisions.  The workshop will conclude with a hands-on decision exercise where participants will choose crops, insurance products, pre-harvest market strategies and post-harvest marketing strategies.  This exercise is a realistic learning activity designed to integrate the discussion about crop mix, production costs, insurance, marketing, and risk.
            Registration fee is $20 per participant which includes lunch and workshop materials.  Pre-registration is required as space is limited so make your reservations early by contacting the Nueces County Extension Office at 361-767-5223.  Participants are asked to pre-register by Friday, October 21, 2011.  This workshop is being sponsored by Texas AgriLife Extension Service, Texas Ag Finance, Capital Farm Credit, Frontier Risk Management, and Secrest Crop Insurance.
Individuals with disabilities, who require an auxiliary aid, service or accommodation in order to participate in any of the mentioned activities, are encouraged to contact the County Extension Office at 361-767-5223 at least eight days before all programs for assistanceEducational programs of the Texas AgriLife Extension Service are open to all citizens without regard to race, color, sex, disability, religion, age or national origin.