Completed Project Report


Protecting Profits: Helping Nebraska Cattle Producers Manage Market Risk

  • Award Amount: $26,316
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2015 Education Projects
  • Project Director: Jay Parsons
  • Email: jparsons4@unl.edu
  • Organization: University of Nebraska-Lincoln

Extension RME Regional Centers
Extension Risk Management Education Region Map

Project Overview

This project provided Nebraska cow/calf producers with timely information on important risk management tools and strategies to help them better manage their market risk. The project resulted in: improved producer understanding of their risk preferences and market risk management goals; producers better understanding available tools such as LRP insurance, put options, and private treaty contracts; and 29 Nebraska cattle producers developing and implementing a marketing plan that matched their preferences and management objectives. The
project funded seven in-depth workshops in locations spread throughout Nebraska with a total attendance of least 65 people across all locations.  Three BeefWatch newsletter articles (125 average downloads) were developed over the course of the project covering the importance of developing, updating, and maintaining a marketing plan as well as the importance of and how to calculate the cost of producing weaned calves. Finally, 137 producers were reached through producer meeting presentations on the project topics.

Number of Participants: 537

Outcomes

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

There are no educational materials available for this project.

REPORTS & EVALUATIONS

There are no reports or evaluations available for this project.

DELIVERY AREA

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INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES