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
There are no promotional materials available for this project.
There are no educational materials available for this project.
REPORTS & EVALUATIONS
There are no reports or evaluations available for this project.