Area Ranchers Get Tips on Risk Management

University of Wyoming farm and ranch management specialist John Hewlett glances toward a screen to his left during the opening session of Thursday's Risk Management seminar at UW's Watt Center on the Sheridan College campus. (Photo by Pat Blair)

Options for buying and selling crops and livestock, market terminologies, and strategies for managing risks were on the table in a master marketer workshop yesterday (Thursday, Jan. 30) at the Watt Ag Center. The day-long event was hosted by the University of Wyoming Extension Service.

UW's farm and ranch management specialist John Hewlett explained the goals of the workshop in an interview with Sheridan Media yesterday morning.

The UW extension specialist said many people don't know these tools are available, or how to use them. Those attending the workshop received an overview of traditional marketing tools as well as information about such strategies as insurance policies for risk management and factoring price patterns into marketing and risk management. Sessions were sponsored by the USDA Risk Management Agency and RightRisk.

The UW specialist said the marketing workshop is among the newer programs provided by the university. But he said the extension service does programs statewide for farmers and ranchers, typically during the winter months when they are less busy with crops or animals. The university extension service in the past has done a master cattleman's program around Wyoming, and a master haygrower program is scheduled next week in Casper.