By Madeline Schultz and Ann Johanns—Iowa State University Extension and Outeach
AMES, Iowa – Managing risk will continue to be a key part of farm profitability in 2020, and Iowa State University Extension and Outreach is providing farmers with a wide range of risk management tools to help make the process more understandable.
The Feb. edition of Ag Decision Maker contains four risk management articles, along with accompanying videos that allow producers to watch and listen to each specialist describe each tool.
Topics include the “Basics of Crop Insurance,” featuring Gary Wright, farm management specialist with ISU Extension and Outreach; and “Small- to Medium-Sized Cattle Feeders,” featuring Tim Christensen, ISU Extension and Outreach field specialist.
“Comparing Farmland Returns to Stock Market Investments” is presented by Kelvin Leibold, farm management specialist with ISU Extension and Outreach; and “Farm Financial Performance Analysis” is led by Charles Brown, also a farm management specialist with ISU Extension and Outreach.
The risk management articles and videos were made available through a grant and partnership with the United States Department of Agriculture Risk Management Agency.
A webinar series on risk management topics will be held on Tuesdays in March, according to Madeline Schultz, program manager for ISU Extension and Outreach Women in Ag.
The goal of the videos and the webinar, Schultz said, is to provide another way of reaching producers and explaining these complex and important topics.
“It’s another opportunity to share more about the different kinds of risk management available and the different risk management topics,” Schultz said.
Topics for the March webinar series will include late and prevented planting lessons learned in 2019 (March 24).
The webinars will be held at noon, and participants should pre-register.
Schultz said the specialists helping to produce the videos and webinar have been supportive of the additional outreach opportunity. “They’ve been excited about meeting an audience need and getting this information out in different ways,” she said.