Moreland Insurance and AgWest Commodities will be hosting an Agricultural Risk Management Seminar in Imperial Thursday, Feb. 25, at the Lied Imperial Public Library.
Two leading agricultural economists, Dr. Art Barnaby and Dr. Dan O’Brien, will be presenting the seminar. The seminar is also sponsored by the North Central Risk Management Education Center (NCRME) and K-State Research and Extension.
Barnaby is a professor and the author of the Kansas State University Risk Management web page (www.AgManager.info). His research work with the private sector was the basis for the first revenue insurance contract, Crop Revenue Coverage. He is a past three-time winner of the American Agricultural Economics Association Distinguished Extension Program Award.
O’Brien is an Extension Agricultural Economist with research in the areas of grain market supply demand analysis, bioenergy impacts and price income risk management strategies; grain industry market structure, conduct and performance—focusing on grain handling and transportation issues; and economic analysis of irrigated and dryland cropping systems, and associated cropland leasing arrangements.
The program will introduce producers to an integrated marketing/production management approach that combines government programs, crop insurance and alternative marketing techniques.
Among the topics to be addressed: Crop Revenue Coverage (CRC), Revenue Assurance (RA), Multi Peril Crop Insurance Actual Production History (MPCI APH), Income Protection (IP), Group Risk Plan (GRP), Group Risk Income Protection (GRIP), SURE and ACRE programs, futures, options, forward contracts, marketing loans and basis contracts.
Following the seminar, producers should have a better understanding of how crop insurance, when combined with alternative marketing techniques, may reduce farm financial risk and increase farm income.
The seminar will begin at 9 a.m. (MT) and end at 3:30 p.m. To attend the event, please RSVP to Eric Moreland at 308-882-5959, or e-mail