cattle – Views from VanDeWalle

Cow/Calf College Features Livestock Risk Management Workshop

The University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension will host a risk management workshop in Clay Center to update livestock producers on the latest insurance options and risk management planning strategies. It will be held from 10:30 a.m. to 2 p.m., Jan. 21, at the U.S. Meat Animal Research Center, 844 Road 313.

The workshop is sponsored by Nebraska Extension’s Cow-Calf College program. Sign-in begins at 10 a.m. In the event of inclement weather, the workshop will be held from 10:30 a.m. to 2 p.m. on Jan. 28 at the same location.

Attendees will learn strategies designed to reduce risk exposure to achieve a profitable outcome in uncertain times. Current issues facing the cattle industry will be discussed to help producers to make more informed decisions. The goal of this program is to provide producers with the tools and resources needed to navigate the volatile livestock market and better manage risk through the creation of a risk management plan.

Topics will include managing drought risk with USDA’s Pasture, Rangeland, and Forage (PRF) Insurance and managing price risk with USDA’s Livestock Risk Protection (LRP). PRF is an annual sign-up due on Dec. 1. LRP can be purchased most business days. The Weaned Calf Risk Protection Program, new this year, will also be discussed.

The workshop is free, and snacks will be provided. Registration is required by Jan. 15 by calling Nebraska Extension in Fillmore County at 402-759-3712.

This material is based upon work supported by USDA/NIFA under Award Number 2023-70027-40444.

The Farmers & Ranchers College continues to provide high-quality programming to area producers and agribusiness professionals with 2024-25 programming. Farmers & Ranchers College will kick off with its traditional program featuring Dr. David Kohl. The committee will continue the annual Cow/Calf College in January and end with a crop insurance and weather program in February.

This year Farmers & Ranchers College will kick off December 3^rd featuring Dr. David Kohl Registration will start at 12:45 p.m. and the program will start at 1:00 p.m. at the Opera House in Bruning, NE. The program is titled, “Economic Realities in the Agricultural Industry: The Pulse.” What economic realities can we expect to see in the global and domestic agricultural industry? Dr. Kohl keeps a pulse on trends and factors to be mindful of during the economic downturn. Some of these topics are land and machinery values, interest rates, concentration of agriculture, importance of cash flows, non-financial factors and much more.

On the road ahead, the good doctor will draw upon his decades of experience as an educator and businessperson to present common financial and business practices that will proactively position your business regardless of the economic cycle. Don’t miss this high energy session in preparation for 2025!

Many to the area are very familiar with Dr. Kohl, but if you are not, here are some details about him. Dr. Dave Kohl is an academic Hall of Famer in the College of Agriculture at Virginia Tech, Blacksburg, VA. Dr. Kohl has keen insight into the agriculture industry gained through extensive travel, research, and involvement in ag businesses. He has traveled nearly 10 million miles; conducted more than 6,500 presentations; and published more than 2,250 articles in his career. Dr. Kohl’s wisdom and engagement with all levels of the industry provide a unique perspective into future trends.

In 2025, the Partners in Progress –Beef Seminar (Cow/Calf College) will be at U.S. Meat Animal Research Center near Clay Center on January 21^st. More details will follow as the date nears. Finally, in February, Farmers & Ranchers College will host a crop insurance and weather update.

Questions on the Farmers & Ranchers College can be directed to the Fillmore County Extension Office at (402) 759-3712. To participate and register, go to the website: go.unl.edu/frcollege.