April's Ag Advice by April Borders South Dakota State University Extension Service will be hosting two risk management programs for farm operations in Feb. The first program is scheduled for February 12 at the Beresford Library and is intended for grain producers. Al May, SDSU Extension marketing specialist, will be discussing the price trends and history of various grains. Producers will have the opportunity to see how to use the grain storage calculator and the crop insurance calculator which is available from SDSU. Al May will also be discussing possible risk management strategies for this year's grain operations.
The program is scheduled from 10 a.m. to 3 p.m. at the Beresford Library. A preregistration is required so please contact the Union County Extension Office at 605-356-2321 by Feb. 9.
The second program will be held on Feb. 18 at the Yankton County Extension Office and is intended for livestock producers. Matt Dierson, SDSU Risk Management Specialist will be discussing livestock prices, history and trends. Dave Hubbs of Hubbs Agency will review crop and livestock insurance and their costs. The program will also discuss possible risk management strategies for livestock operations.
The program is scheduled from 10 a.m. to 3 p.m. and pre-registration is required by Feb. 13. Please call the Clay County Extension Office at 677-7111 or the Yankton County Extension Office at 605-665-3387.
Also included in both programs will be a short presentation on the use of Enterprise Analysis in grain and livestock operations. Enterprise analysis will help producers to determine the unit cost of producing their commodities and will also provide valuable information to help producers in mpaking key short and long term production decisions.
Both programs are open to the public at no charge. The program will break during the lunch hour and lunch is on your own. For more information please contact the Clay or Union County Extension offices.