2012 ‘Far Ahead Marketing’ workshops begin Feb. 6
BROOKINGS, SD – To achieve success marketing their commodities, today’s agriculture producers need to consider the big picture, says Matthew Diersen, South Dakota State University (SDSU) professor of economics.
“Before taking advantage of high futures prices, farmers and ranchers need to look far ahead when managing risk. They must make prudent choices about the duration and scope of their risk management tools,” Diersen said.
To help South Dakota producers do this, Diersen along with SDSU professor of economics Scott Fausti, and a team of SDSU Extension Field Specialists will host several Far Ahead Marketing workshops throughout South Dakota beginning Feb. 6.
Workshop topics include: incentives to market early; input cost risks; rolling futures strategies; and crop and livestock insurance considerations for 2012.
Developing the topics and information for the workshops was a collaborative effort between Diersen and Fausti. Diersen has developed and delivered similar programs on livestock insurance in recent years. Fausti conducts research in risk management and will share ways producers can asses input risks.
“These workshops will inform producers on how to utilize marketing and insurance tools to manage their risk in a scope that incorporates knowledge from commodity brokers, the insurance industry, and SDSU,” Diersen said.
Funding for the workshops was made possible through a USDA Risk Management Agency grant. The workshops will run from 10 a.m. to 3 p.m. Some workshops are scheduled for two days and will cover topics in more detail. The workshops will be held at the respective SDSU Extension Regional Centers unless otherwise noted.
The Feb. 6 workshop will be held in Winner. The Feb. 10 workshop will be held in Lemmon, at the Dakota Lodge. A two-day workshop will be held Feb. 14 and 21 in Aberdeen. A two-day workshop will be held Feb. 15 and 22 in Watertown. A two-day workshop will be held Feb. 16 and 23 in Sioux Falls. A two-day workshop will be held Feb. 17 and 24 in Mitchell. The Feb. 29 workshop will be held in Pierre. The March 1 workshop will be held in Rapid City. A follow-up Webinar in March will conclude the sessions.
To pre-register contact specific Regional Centers. For more information contact Diersen at 605-688-4864 or Matthew.Diersen@sdstate.edu.