Integrated Dairy Risk Management Education

Links to Other Useful Sites

• The National Program for Managing Risks and Profits in the Grain Industry.

  Risk and profit management is vital to your success or your customers' success in grain production, and is increasingly important because of global policy and climatic changes. This web site gives in-depth help in understanding risk and profit management tools and strategies. It focus on impacts on your farm's finances and profitability. Tools for managing these key variables include: financial records / cash-flow schedules / costs of production / and storage / futures and options markets / elevator contracts / yield and price insurance. http://www.iastate.edu/

• The Center for Farm Financial Management at the University of Minnesota.

  CFFM has been instrumental in compiling a National Ag Risk Education Library. This is a web-based library of materials from around the United States that relate to agricultural risk. http://www.agrisk.umn.edu

   

• Texas A&M University Risk Management Education Program.

  The Texas Risk Management Education Program, an educational and service program offered by the Texas Agricultural Extension Service through the Department of Agricultural Economics, is designed to provide agricultural producers and agribusinesses with sound decision-making information on alternative production, marketing and financial management strategies. Risk Management Curriculum Guide - a comprehensive set of risk management curriculum. http://trmep.tamu.edu/

• RME - Risk Management Agency/Risk Management Education

  The mission of the Risk Management Education Task Force is to lead a comprehensive educational program that assists producers and agribusiness in understanding their increased risk exposure and responsibility in the current economic environment; to understand and make effective use of risk management tools and strategies; and to integrate these strategies in decision making that enables them to meet business, personal and community goals. A good site for additional links and up to date news concerning the RME. http://www.rma.usda.gov/

• Farming Without a Safety Net by George Flaskerud, Crops Economist/Marketing Specialist, North Dakota State University – Extension Service.

  Excellent article showing attitudes and risk bearing ability will soundly influence decisions made in an increasingly risky environment once the government farm price support program ends. Strong sources of information listing. http://www.agrisk.umn.edu/display.asp?URL=http://www.ext.nodak.edu/extpubs/agecon/market/ec1109w.htm

• AgRISK - The Ohio State University.

  The AgRISK Project is currently supported by the Risk Management Agency, US Department of Agriculture. http://www-agecon.ag.ohio-state.edu/agrisk/

  
  

• Agriculture and Agri-Food Canada.

  In conjunction with the Canadian Farm Business Management Council has developed a new course on risk management for both the classroom and for home study. The new course, entitled Managing Market Risk, is designed to introduce the concept of market price risk and some of the products to manage risk. This course is unique in that it brings together various risk management tools in one source and explains how each one works. This enables the reader to compare risk management tools and decide which one is right for their operation. The course covers futures, options and briefly outlines cash contracts, etc. which you could use to manage price risk. There is a home study version and workshop version, both of which are being revised following feedback from a number of pilot courses. http://aceis.agr.ca/policy/risk/risk_e.html

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