Farm and Ranch webinars planned on controlling input costs, grain marketing risk | Agriculture

Margaret Barse

Two Nebraska Extension webinars this week will discover the farm and ranch administration problems with controlling in-season prices for profitability and using hedging methods and crop insurance coverage in a grain marketing plan.The first webinar, “Back to Basics: Control Costs and Maximize Profits,” shall be offered at midday on Thursday, June 10. A workforce of extension specialists and educators will spotlight how minimizing prices with out concern for productiveness — and rising productiveness with out contemplating prices — can harm earnings in an agricultural operation. They will provide ideas on how making choices on the margin is one method to make selections with profitability in thoughts.

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The second webinar shall be at 9 a.m. on Friday, June 11, and discover the roles of hedging methods and crop insurance coverage in stopping farm failure. It is a particular presentation of a graduate thesis protection by Kara Zimmerman, a Master of Science pupil in Agricultural Economics on the University of Nebraska-Lincoln.Zimmerman’s thesis will intention to assist producers acquire insights on the monetary outcomes of various marketing methods and strategy marketing choices. It will embrace a comparability of irrigated and non-irrigated manufacturing practices and discover the tradeoff between minimizing risk and maximizing earnings in corn manufacturing.Both webinars are free to attend. Registration for every is open at https://farm.unl.edu/webinars.

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