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Sustaining agriculture through risk management

Posted 12/19/2007

Nevada agricultural producers have the opportunity to learn how to manage legal, financial, production and market risks in two "Risk Management Education for Sustainable Agriculture" programs during January, February and March in Nevada communities. Topics will include Niche Livestock Marketing, as well as Farm and Ranch Financials/Records, a six-installment compressed video program.

The programs are sponsored by University of Nevada Cooperative Extension and the College of Agriculture, Biotechnology and Natural Resources, with funding provided by the USDA Risk Management Agency.

"The workshops will help producers make informed decisions regarding markets, pricing and production based on a strong financial analysis," said Kynda Curtis, Cooperative Extension state specialist and assistant professor in the Department of Resource Economics.

"These risk management techniques will lead to sustainable agricultural practices and enhance the quality of life for producers and their surrounding communities," Curtis added.

The schedule is as follows:

  • Niche Livestock Marketing
    • Thursday, Jan. 31, 2008, 8a.m. to 5 p.m.,
      UNCE Office, 360 Lincoln Street, Caliente
    • Friday, Feb. 8, 2008, 8 a.m. to 5p.m.,
      Hampton Inn & Suites, 10 Hospitality Way, Carson City
  • Farm and Ranch Financials/Records (via compressed video)
    • Wednesdays, beginning Feb. 13, 2008, 6 p.m. to 9 p.m.,
      UNSOM, (UNR School of Medicine location), Elko
      UNCE Office, 701 S. Main Street, Eureka
      UNCE Office, 1329 Waterloo Lane, Gardnerville
      UNR, 1664 N. Virginia St., WRB Rm. #2008, Reno
      Other locations may be available upon request.

Highlights of the Niche Livestock Marketing workshop include: pricing premiums and branding/certification strategies (for certified organic, grass-fed, natural, etc.), local slaughter and processing, quality and food safety issues, and assessing consumer demand. As a result of this program, participants will be able to understand the requirements for organic, grass-fed and natural beef designations, and apply knowledge to complete a market assessment and marketing plan.

Highlights of the Farm and Ranch Financials/Records include: demonstration of producer benefits to constructing and using farm/ranch financials/records for profit maximization and production efficiency and will be a six-week program of three hours each week available to agricultural producers in Nevada through the Cooperative Extension compressed video network. As a result of attending this program, producers will be able to construct and use common agribusiness financial statements, construct, use and evaluate business plans.

The registration fee is $50 for Niche Livestock Marketing and $75 for Farm and Ranch Financials/Records. Fees cover lunch, snacks, refreshments and all materials. Registration and checks, made payable to the Board of Regents, should be forwarded to Megan Merenda, University of Nevada, Reno, Mail Stop 204, Reno, NV 89557-0105. Registration at the door will be based on space availability.

For more information, contact Kynda Curtis, (775) 784-1682, or visit the website.

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