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Agribusiness Risk Management seminars offered

Posted 12/16/2008

Nevada agricultural producers can learn how to manage legal, financial, production and market risks in a difficult economy at an upcoming program being offered at eight different locations around the state early next year.

The two-day program will be offered in January, February and March. The program will be offered in-person at four locations with simultaneous interactive video offered at the same time in four other locations.

The program will cover the topic "Agribusiness Risk Management in Economic Downturns." It is sponsored by University of Nevada Cooperative Extension (UNCE) and the College of Agriculture, Biotechnology and Natural Resources, with funding provided by the USDA Risk Management Agency and USDA Rural Development.

Highlights of the first day of the Agribusiness Risk Management in Economic Downturns workshop include an overview of risk management strategies in economic downturns; strategies for reducing costs and increasing revenue; dealing with debt and bankruptcy issues; reducing risk through federal insurance programs.

The second day will focus on strategies for energy cost reduction and alternative energy solutions, including an overview of U.S. energy trends; strategies for reducing energy usage on farms and ranches; components and benefits of energy audits; an overview of alternative energy solutions, energy assistance and rebate programs available in Nevada; and a question-and-answer session with an energy-efficiency panel.

The schedule for "Agribusiness Risk Management in Economic Downturns":

Jan. 26-27: 8 a.m.-4 p.m. Jan. 26 and 8 a.m.-12:30 p.m. Jan. 27 at Churchill County UNCE Office, 111 Sheckler Road, Fallon (in person); and simultaneously at Humboldt County UNCE Office, 1085 Fairgrounds Road, Winnemucca (via interactive video).

Feb. 17-18: 8 a.m.-4 p.m. Feb. 17 and 8 a.m.-12:30 p.m. Feb. 18 at Northeastern Nevada Regional Hospital, 2001 Errecart Blvd., Elko (in person); and simultaneously at Eureka County UNCE Office, 701 South Main Street Annex Building, Eureka (via interactive video).

Feb. 24-25: 8 a.m.-4 p.m. Feb. 24 and 8 a.m.-12:30 p.m. Feb. 25 at Lyon County UNCE Office, 504 S. Main St., Yerington (in person); and simultaneously at Northern Nye County UNCE Office, 475 Saint Patrick St., Tonopah (via interactive video).

March 2-3: 8 a.m.-4 p.m. March 2 and 8 a.m.-12:30 p.m. Lincoln County UNCE Office, 360 Lincoln St., Caliente (in person); and simultaneously at Southern Nye County UNCE Office, 1651 Calvada Blvd., Pahrump (via interactive video).

The registration fee is $10. Fees cover snacks, refreshments and all materials. Registration forms and checks, made payable to the Board of Regents, should be forwarded to Maggie Cowee, University of Nevada, Reno, Mail Stop 204, Reno, NV 89557-0105. Registration at the door will be based on space availability.

Seminar attendees will be entered into a drawing for a free three-hour, one-on-one farm/ranch budget consultation ($450 value — eight total) and a free complete farm/ranch energy audit ($2,500 value — 10 total). To be eligible for the budget consultation, you must attend both days of the seminar. To qualify for the audit, you must have farm/ranch gross revenues of less than $1 million in 2008. For more information, contact Kynda Curtis, (775) 784-1682.

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