Eastern Wyoming College in partnership with The Wyoming Business Council presents Risk Management Marketing Strategies to be held at EWC on December 1, 13, 2011 and January 5, and 12, 2012 in Tebbet room 132 from 9 am to 4 pm.
Producers today face increased risks that they did not experience in past years. As the markets have become internationalized and speculation has increased, volatility and sharp price moves have become common. Additionally, the development of bio-fuels and increased world population has added to the volatility. Producers therefore must increase their knowledge and understanding of the many tools, risk management strategies and opportunities available, in order to ensure their growth and profitability.
The project participants are composed of crop producers from the North Central and Southeastern Wyoming areas with limited knowledge of alternative commodity marketing strategies. Participants will gain improved understanding of market volatility and the reason markets change, they will complete breakeven worksheets and determine profitability objectives, commit to utilizing a risk management marketing plan, develop marketing plans that will describe how to utilize cash markets and cash contracts, utilize risk management tools, insurance, hedging and carry markets, to insure profitability and will attend workshops to complete marketing worksheets and participate in group marketing discussions and apply marketing principles for their specific operational needs.
The cost of this class is $190 and includes the “Applied Risk Management in Agriculture” text book and follow-up marketing consultation. Eastern Wyoming College credit will be available.
To register for this class or for more information, contact the Workforce Development Office at 307.532.8366 or email at firstname.lastname@example.org.