Completed Project Report

Managing Margin Risk: Assisting Producers in Coping with volatile prices, Input Costs and Cash Rent.

  • Award Amount: $50,000
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2008 Competitive Grant Program

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Project Overview

Managing margin risk has become incredibly important for producers given commodity price volatility and input cost increases. While record profits are possible at these prices, producers must simultaneously manage price risk and input cost risk as well as production risk to maintain profitable margins. This project is designed to provide producers with the tools to determine their breakeven prices, marketing goals, marketing plans, crop insurance decisions and leasing options with the end goal of being able to “lock in” profitable margins. Purdue Extension will offer this 5-6 week series via IP video at 20-30 sites, with a goal of 300 participants. Material presented will be available online to anyone interested. Six months after the series, 50% of participants will report using at least one of the risk management tools covered and 25% will show an increase in farm profitability one year after the series.

Number of Participants: 201

Outcomes

Project Steps

PROMOTIONAL MATERIALS

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EDUCATIONAL MATERIALS

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REPORTS & EVALUATIONS

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DELIVERY AREA

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