Cotton and Grain Risk Management Workshop set for March 7 in San Angelo

Writer: Steve Byrns, 325-653-4576, s-byrns@tamu.edu
Contact: Bill Thompson, 325-653-4576, Ext. 286, w-thompson@tamu.edu

SAN ANGELO – The Texas A&M AgriLife Extension Service will conduct a Cotton and Grain Risk Management Workshop from 9 a.m.-4 p.m. March 7 at the Texas A&M AgriLife Research and Extension Center, 7887 U.S. Highway North, San Angelo.

“We’ll have a team of AgriLife Extension economists here to cover the cotton and grain market outlook, crop insurance and the price risk tools producers can use to improve the risk management of their operations,” said Bill Thompson, AgriLife Extension economist at San Angelo and workshop coordinator. “We’ll also be assisting producers in making their crop mix planting decisions, crop insurance sign-ups and marketing plan development.”

Thompson said the workshop is meant for cotton and feed grain producers with a basic knowledge of forward contracting and hedging with futures and options. However, the teaching team is ready to work with those without such knowledge, he said.

Thompson will be joined by AgriLife Extension’s state grain and cotton marketing specialists, Dr. Mark Welch and Dr. John Robinson from College Station.

Specific topics will include:
– Crop Insurance Products, Prices and Impacts.
– Budgets, Breakevens and Crop Mix.
– Grain and Cotton Market Outlooks.

Thompson said there will also be a marketing strategies discussion conducted during lunch followed by an interactive risk management game designed so participants can practice the skills offered during the workshop.

Individual registration is $20 due upon arrival.

For more information contact Thompson at 325-653-4576, Ext. 286, w-thompson@tamu.edu; Robinson at 979-845-8011, jrcr@tamu.edu; or Welch or 979-845-8011, JMWelch@ag.tamu.edu  .

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