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Learn to better manage your risks

November 19th, 2010

You can’t eliminate risk in your operation, but you can learn how to identify risks and better manage them with the appropriate tools and techniques. Iowa Beef Center, Land O’Lakes Purina and local cooperatives are sponsoring a series of risk and margin management workshops over the next couple of months and you’re invited.

Through hands-on activities, you’ll learn about risk management tools like futures, options and livestock insurance, and how to use those tools in your operation.

You’ll use actual market prices from a two-year period to make marketing and feeder cattle and corn purchase decisions. You’ll explore the concept of locking in a margin between the selling price of fed cattle and the cost of corn and feeder cattle. You’ll learn a great deal and have fun at the same time.

Cost is $25 per person and preregistration is a must to ensure your spot in the workshop. Each site must have at least 8 participants and no more than 26. You can see the current list of locations and more information on the IBC website here http://www.iowabeefcenter.org/riskworkshops.html

Be sure to contact us at beefcenter@iastate.edu if you have any questions.

Economics & Markets, Risk Management

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