Released: January 11, 2005

K-State, KLA and RMA Team Up For Cattle Risk Management Workshops

MANHATTAN, Kan. – Kansas State University Research and Extension is teaming up with the the Kansas Livestock Association, the U.S. Department of Agriculture’s Risk Management Agency, and K-MAR 105 to offer six Cattle Risk Management Workshops around the state in February and March.

K-MAR 105 is a non-profit educational corporation associated with the Department of Agricultural Economics at K-State and the Kansas Farm Management Association.

Each workshop will feature the presentations: How Livestock Risk Protection Insurance Works; A Guide to Better Cattle Basis Forecasts; and Comparing LRP Insurance to Chicago Mercantile Exchange (CME) Put Options. James Mintert, Kevin Dhuyvetter, and Art Barnaby, faculty members from K-State’s Department of Agricultural Economics, will be featured presenters.

During the second half of each workshop, participants will gain hands-on experience using Livestock Risk Protection Insurance and CME put options by making risk management decisions for a case farm and learning how those decisions affect the case farm’s bottom line.

The workshops are targeted toward cattle producers, agricultural lenders and other beef industry stakeholders.

Workshop dates, locations and contact information include:

* Feb. 9 – Herington at the Herington Tri-County Fairgrounds – 620-382-2325.

* Feb. 11 – Norton at the Norton County 4-H Building – 785-877-5755.

* Feb. 21 – Wellington at the Raymond Frye Complex, 320 N. Jefferson – 620-326-7477.

* Feb. 23 – Salina at the Friendship Center, 746 Comanche – 785-309-5850.

* Feb. 28 – El Dorado at the Butler County Community Building, 200 N. Griffith – 316-321-9660.

* March 16 – Burlington at the Kelley 4-H Building in Kelley Park – 620-364-5313.

* March 31 - Syracuse at the Hamilton County Fairgrounds - 620-384-5255.

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K-State Research and Extension is a short name for the Kansas State University Agricultural Experiment Station and Cooperative Extension Service, a program designed to generate and distribute useful knowledge for the well-being of Kansans. Supported by county, state, federal and private funds, the program has county Extension offices, experiment fields, area Extension offices and regional research centers statewide. Its headquarters is on the K-State campus, Manhattan.

Story by:
Mary Lou Peter
mlpeter@oznet.ksu.edu
K-State Research& Extension News