K-State AgManager.info website
  About     Contributors     Useful links     Site map      Feedback  

Search AgManager.Info:

 

K-State AgManager.info website
Agribusiness
Crops
Energy
Farm Management
Livestock & Meat
Policy
Decision Tools
--------------------
Ag Econ News
Contributors
Programs
Sponsors
Upcoming Events
Presentations Archive
--------------------
K-State Dept. of Agricultural Economics
--------------------
Department Theses & Dissertations
--------------------
KFMA
--------------------
SIGN-UP for Weekly Email Updates
--------------------
--------------------
--------------------
PFT
AgManager.info: RAM Workshops
   Home / Events / RAM Workshops
2010 RAM II
(Risk Assessed Marketing)
Workshops

Changes in farm legislation, including the SURE and ACRE programs, expanded bio-fuels and ethanol, combined with volatile crop prices have caused many producers need to consider different methods for managing yield and price risk.

This workshop will introduce producers to an integrated marketing/production management approach that combines government programs, crop insurance and alternative marketing techniques. Among the topics addressed in this workshop are: Crop Revenue Insurance (CRC), Revenue Assurance (RA), Multi-Peril Crop Insurance Actual Production History (MPCI-APH), Income Protection (IP), Group Risk Plan (GRP), Group Risk Income Protection (GRIP), SURE and ACRE programs, futures, options, forward contracts, marketing loans, and basis contracts.

INSTRUCTORS: Dr. G.A. (Art) Barnaby and Dr. Daniel O'Brien.

 

SPONSORED BY:

 

Date/Time Location More Info Brochure
THURSDAY,
February 18, 2010
8:30 am - 3:30 pm
McPherson County Extension Office, 600 W. Woodside
MCPHERSON, KS

DALE LADD
McPherson County Extension
620.241.1523
dladd@ksu.edu

Download

MONDAY,
February 22, 2010
8:30 am - 3:30 pm
Holiday Inn Express
2150 E. Wooster St.

BOWLING GREEN, OH
ALAN SUNDEMEIER
Wood County, OH
Extension
419-354-9050 sundermeier.5@osu.edu

Download

TUESDAY,
February 23, 2010
8:30 am - 3:30 pm
Central Ohio Technical College
Montgomery Hall
200 N. White Woman St.

COSHOCTON, OH

HOWARD SIEGRIST
Licking County, OH
740-670-5315
siegrist1@cfaes.osu.edu 

CHRIS ZOLLER
Tascarawas County, OH 330.339.2337
zoller.1@osu.edu

Download

THURSDAY,
February 25, 2010
9:00 am - 3:30 pm
Imperial Public Library
703 Broadway

IMPERIAL, NE

ERIC MORELAND
Moreland Insurance LLC
308.882.5959 ericm5000@gmail.com

Download

TUESDAY,
March 2, 2010
9:00 am - 3:30 pm
Guaranty State Bank
201 S. Mill St.

BELOIT
, KS

SCOTT CHAPMAN
Post Rock Extension
785.738.3597
schapman@ksu.edu 

Download

THURSDAY,
March 4, 2010
8:30 am - 3:30 pm
4-H Building North Main St.
Sherman County Fair Grounds

GOODLAND, KS

DANA BELSHE
Sunflower District
785.890.4880
dbelshe@ksu.edu

CANCELLED!

FRIDAY,
March 5, 2010
8:30 am - 3:30 pm
Finney County Grandstand Meeting Room
South 9th Street

GARDEN CITY, KS

DEAN WHITEHILL
Finney County Extension
620.272.3670
dwhitehi@ksu.edu

Download

THURSDAY,
March 11, 2010
9:00 am - 3:30 pm
4-H Building
702 Fairway

(Exit 184 from I-70; North 2 miles to State Street then turn right)
RUSSELL, KS

JOHN STANNARD
Russell County Extension
785.483.3157
jstannar@ksu.edu

Download

 

Schedule

  8:30 a.m.     Registration

 

  9:00 a.m.    Introduction to Marketing:

Forward Contracts, Options, and Futures
Dr. Dan O’Brien

Discuss price risk management tools available to producers.

 

  9:45 a.m.   SURE and ACRE Programs

Dr. Art Barnaby

 

10:45 a.m.   Break

 

11:00 a.m.   Risk-Assessed Marketing (RAM)

Combines Marketing Tools, Commodity Program Payments, and Crop Insurance.

 

12:00 noon  Lunch

 

  1:00 p.m.  Introduce Case Farm

Dr. Art Barnaby

Explanation of case farm exercise.  Review of the case farm’s financial situation, government program participation decisions, and its costs of production.

 

  1:30 p.m.  Evaluate Insurance Alternatives

Workshop participants will evaluate and choose an insurance plan for the case farm.

 

  1:45 p.m.  Evaluate SURE & ACRE

Participants will be evaluate make a decision regarding participation in the ACRE program, taking into account the costs and trade-offs involved with that decision.

 

  2:00 p.m.  Evaluate Risk Management Strategies

Participants will be walked through the four pre-harvest marketing scenarios that are assumed to start at planting time.  Participants will evaluate risk/return trade-offs of their marketing strategy. With minimal guidance, workshop participants will make marketing decisions , which are assumed to take place on selected dates.  All grain not pre-harvest sold will be sold at harvest.

 

  3:00 p.m. Completion of Case Farm Exercise

At harvest, participants will randomly draw a yield to simulate yield risk. All market revenue and production expenses will be calculated.  Production expenses will include premiums for put options and insurance contracts selected by the participant.  Revenues will also include indemnity payments and any marketing gain/losses from futures or forward contracts.  Those having the highest net farm income for each of the four pre-determined yield categories will be recognized.

 

  3:30 p.m. Summary and Adjourn

     
 

 

 
Department of Agricultural Economics   K-State Research & Extension   College of Agriculture   Kansas State University