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Sustaining agriculture through risk management

Posted 5/16/2007

Nevada agricultural producers have the opportunity to learn how to manage legal, financial, production and market risks. The two-day "Risk Management Education for Sustainable Agriculture" workshops in February and March will be held in Nevada communities and include Estate and Farm Transition Planning, as well as an Agritourism Symposium.

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:

Estate and Farm Transition Planning

  • Monday, Feb. 26 and Tuesday, Feb. 27, 8 a.m. to 5 p.m., Hampton Inn and Suites, 10 Hospitality Way, Carson City.
  • Thursday, March 1 and Friday, March 2, 8 a.m. to 5 p.m., Hilton Garden Inn, 3650 E. Idaho St., Elko.

Agritourism Symposium

  • Monday, March 12 and Tuesday, March 13, 8 a.m. to 5 p.m., Grand Sierra Resort, 2500 E. 2nd Street, Reno.

Highlights of the estate and farm transition planning workshops include: importance of estate and farm transition planning; asset transfer mechanisms and strategies; estate tax and accounting issues; land valuation; loan programs; retirement strategies; Investing 101; small business retirement plans; charitable giving; and next generation business planning. Speakers will include university faculty, as well as local estate attorneys and accountants.

Highlights of the agritourism symposium include: the market for agriculture, nature and rural tourism; nature and cultural tourism; agritourism activities; Is Agritourism for Me; assessing your current farm or ranch and developing a business plan; regulations, permits and legal concerns; liability insurance and other risk management; marketing, advertising and promotion; funding, assistance programs and other resources; consumer relations, employee development and management; Commission on Tourism programs; and agritourism success stories. Speakers will include university faculty, as well as local and national speakers.

The registration fee is $50 for Estate and Farm Transition Planning and $75 for the Agritourism Symposium, which covers lunches, snacks, refreshments and materials for both days. 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 http://www.cabnr.unr.edu/ag_risk_management/.

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