Lincoln, Neb., Oct. 16, 2023 — The University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension will host a series of price risk management workshops for cattle producers in Franklin, Trenton, Rushville and Bridgeport on Oct 26-27. 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 to make more informed decisions facing the industry.
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 on Dec. 1. LRP can be purchased most business days. Participants will be guided through a case study to understand strategies and personal preferences for their use of these types of subsidized insurance products discussed during the workshop.
The workshop is free and a meal will be provided at each location. Registration is required by three days prior to each workshop at https://cap.unl.edu/cattlerisk