While cattle prices remain high, learn how to protect against future price drops with these insurance tools. Learn management strategies through an interactive computer program with different market scenarios.
The University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension will host a risk management workshop in O’Neill to update livestock producers on the latest insurance options and risk management planning strategies. Join us on Tuesday, November 19 from 10:30 a.m. to 2 p.m. CT at the Holt County Annex, 128 N. 6th Street.
Attendees will learn strategies designed to reduce risk exposure to achieve a profitable outcome in uncertain times. Current issues facing the cattle industry will be discussed to help producers to make more informed decisions. The goal of this program is to provide producers with the tools and resources needed to navigate the volatile livestock market and better manage risk through the creation of a risk management plan.
Topics will include managing drought risk with USDA’s Pasture, Rangeland, and Forage (PRF) Insurance and managing price risk with USDA’s Livestock Risk Protection (LRP). PRF is an annual sign-up due on Dec. 1. LRP can be purchased most business days. The Weaned Calf Risk Protection Program, new this year, will also be discussed.
The workshop is free to attend. Lunch will be provided by the Tri-County Bank. Registration for a meal count is required by Nov. 18 by calling Nebraska Extension in Holt County at 402-336-2760. Walk-in’s are welcome that day.
This material is based upon work supported by USDA/NIFA under Award Number 2023-70027-40444.
