The University of Nebraska- Lincoln’s Center for Agricultural Profitability and Nebraska Extension will host a risk management workshop in Clay Center to update livestock producers on the latest insurance options and risk management planning strategies. It will be from 10:30 a.m. to 2 p.m., Jan. 21, at the U.S. Meat Animal Research Center, 844 Road 313.
The workshop is sponsored by Nebraska Extension’s Cow-Calf College program. Sign-in begins at 10 a.m. In the event of inclement weather, the workshop will from 10:30 a.m. to 2 p.m. on Jan. 28 at the same location.
Attendees will learn strategies designed to reduce risk exposure to achieve a profitable outcome in uncertain times. Current issues facing the cattle industry will be discussed to help producers make more informed decisions. The goal of this program is to provide producers with the tools and resources needed to navigate the volatile livestock market and better manage risk through the creation of a risk management plan.
Topics will include managing drought risk with USDA’s Pasture, Rangeland, and Forage (PRF) Insurance and managing price risk with USDA’s Livestock Risk Protection (LRP). PRF is an annual sign-up due Dec. 1. LRP can be purchased most business days. The Weaned Calf Risk Protection Program, new this year, will also be discussed.
The workshop is free, and snacks will be provided. Registration is required by Jan. 15 by calling Nebraska Extension in Fillmore County at 402-759-3712.
