Risk Management Workshop on December 7 Gives Indiana Farmers Practical Tools
INDIANAPOLIS, Ind. (Nov. 20, 2015) — Farming has always been a risky business, but in today’s changing business climate, farmers are facing an increasingly wide variety of risks. The Indiana Soybean Alliance and Indiana Corn Growers Association are hosting a workshop on Monday, December 7, at the Beck Agricultural Center in West Lafayette to help Indiana corn and soybean farmers develop a holistic, integrated approach to risk management.
The workshop, “Managing Risk on Your Farm during a Downturn,” is being conducted by Purdue Center for Commercial Agriculture agricultural economists Dr. Jim Mintert, Dr. Mike Langemeier and Dr. Mike Boehlje. The interactive session will highlight sources of risk in today’s farm economy and provide resources, including a spreadsheet tool farmers can use to better manage their financial risk, particularly cash rent risk.
Workshop participants will also learn more about Farm Risk Resources, a new website made possible through the Indiana soybean checkoff. The website – www.farmriskresources.com – features case studies, videos and tools designed to take users through a progression of the fundamental types of risk, theories and strategies needed to successfully manage their operations.
The workshop is free and runs from 11:30 a.m. to 3:30 p.m. on Monday, December 7, with lunch provided by Beck’s Hybrids. Pre-registration is required at www.indianasoybean.com/forum.
In addition to the risk management workshop, a policy discussion hosted by the soybean and corn organizations will take place at 10 a.m. followed by a town hall meeting with Senator Joe Donnelly at 10:30 a.m.
In addition to the December 7 workshop, two other risk management workshops are scheduled:
- January 11: Indiana Grand, Shelbyville, Ind.
- January 14: Fort Wayne Farm Show, Fort Wayne, Ind.
Other presenting partners of the risk-management workshops include Indiana Soybean Alliance (checkoff), Indiana Corn Marketing Council, Indiana Farm Bureau, Indiana State Department of Agriculture, U.S. Department of Agriculture Farm Service Agency (FSA) of Indiana and Purdue Extension.
For more information, visit www.indianasoybean.com/forum.
The Indiana Soybean Alliance works to enhance the viability of Indiana soybean farmers through the effective and efficient investment of soybean checkoff funds and the development of sound policies that protect and promote the interest of Indiana soybean farmers. The ISA is working to build new markets for soybeans through the promotion of biodiesel, livestock, international marketing, new soybean uses, aquaculture, and research. ISA is led by an elected farmer board that directs investments of the soybean checkoff funds on behalf of more than 28,000 Indiana soybean farmers and promotes policies on behalf of the ISA’s 950 dues-paying members. For more information, visit www.indianasoybean.com.
The ICGA board, which works with the state and federal governments to develop and promote sound policies that benefit Indiana corn farmers, consists of 15 farmer-directors who provide leadership to the organization on behalf of the nearly 600 ICGA members statewide. Learn more at www.incorn.org/icga.
This communications was NOT funded with Indiana soybean or corn checkoff dollars.