University of Missouri Extension offers livestock producers an opportunity to learn about price risk protection to manage some of the market uncertainty, states Darla Campbell, University of Missouri Extension Agricultural Business Specialist. Crop insurance is widely used, while Livestock Risk Protection, the livestock equivalent, is underutilized. As profit margins narrow for livestock producers in this downward price cycle, all options should be considered to minimize the effects of market volatility, which often adversely affects your bottom line, says Campbell. Besides livestock risk protection, we will also discuss pasture, rangeland, and forage insurance. The presenter will be Ryan Milhollin, Economist, Department of Agriculture and Applied Economics, University of Missouri. He has authored several documents used statewide on this topic.
Extension encourages livestock owners with herds of all sizes, 4-H and FFA members, and educators to attend. There is no cost for the event, but organizers request that you sign up by noon on the 24th to insure adequate supplies are available. A minimum of 15 participants is required to guarantee the class, so please call the Scotland County Extension office at 660.465.7255 and give Carol or Kristy your name and phone number. The class will be held in Memphis at the Scotland County Hospital Conference Room from 6-8 on Wednesday, January 25th.