Event: Risk Management on the Farm
K-State Research and Extension recognizes the uncertainty that farmers and ranchers are experiencing due to fluctuating grain and input prices. More than ever, risk management of the operation is critical to long-term sustainability. This course will teach principles of determining cost of production, developing a marketing plan, evaluating crop insurance options, and participating in farm programs (ARC/PLC). Participants will work with a case farm to apply these topics to a real-world farming operation through hands-on, self-graded activities. The goal is for participants to acquire risk management skills they can apply directly to their own farming operations. The bulk of this course focuses on risk management for row-crop farming operations but also includes similar risk management principles for beef cow/calf operations. Other special topics will include managing stress and being resilient in tough times, and communicating effectively with family members.