Kansas State University will host two Risk Assessed Marketing Workshops to help agricultural producers navigate the uncertain business climate linked to volatile crop prices and the lack of a new Farm Bill. The workshops will be Nov. 20-21, 2013 in Manhattan and Feb. 26, 2014 in Scott City.
“The lack of a new Farm Bill leaves questions unanswered for those who operate the 2.2 million farms throughout the United States,” said Art Barnaby, agricultural economist with K-State Research and Extension. “Farmers have the risk of their Farm Service Agency safety net changing, and when we do have a new Farm Bill in place, it will likely include changes to crop insurance. The lack of certainty in the commodity programs, plus expanded bio-fuels and ethanol usage, combined with volatile crop prices is leaving many producers considering different methods for managing yield and price risk.”
The workshops are designed to introduce producers to an integrated marketing and production management approach that combines government programs, crop insurance and alternative marketing techniques. Among the topics addressed are: crop insurance, selling crop insurance-covered puts, futures, put and call options, forward contracts, marketing loans and basis contracts.