| PROJECT SUMMARY |
| The objective of this educational program was to assist livestock and milk producers who were users of purchased feed to learn to use price risk management tools such as forward price contracts, futures and options. In addition, those in the business of manufacturing feed or brokering commodity feeds for livestock and milk producers were trained to use appropriate risk management tools. Participants learned the mechanics of how each tool is used to manage price risk and were be supplied appropriate basis information to use the tool effectively. The program made use of ten area workshops, marketing clubs, as well as written and web based materials and decision aids. There were six groups of participants in this proposal. They were milk producers, beef producers (namely stocker operators, backgrounders and finishers), pork producers, milk producers, feed manufacturers, commodity brokers, and agricultural lenders. A complete summary is in the evaluation and reports section. |
| NUMBER OF PARTICIPANTS: 74 |
| TOPICS COVERED |
| Market analysis and outlook |
| Cash and futures pricing tools |
| Marketing strategies, plans and clubs |
