A Webcast video featuring a group of agricultural economists from the southern region will be available June 12 as a means of helping producers develop strategies to reduce risk during times of economic uncertainty.
Given the recent economic decline, turmoil in the financial markets and the uncertainty about recovery, we felt this would be a good time to deliver a wide-reaching message, said Dr. Steven Klose, Texas AgriLife Extension Service economist, who will moderate the event. The message is not only about a couple of immediate topics that will be covered in the one-hour program, but it is also about what we as economists have to offer in Extension education during these trying times.
The June 12 program, Managing Risk in a Turbulent Economy, will be available at 3 p.m. CST from the Auburn Extension host site.
The program will include the following topics:
- A glimpse at what Extension agricultural economics has to offer in helping producers mitigate risk and enhance profitability (Klose).
- Managing in Changing Markets, Dr. John Anderson, Mississippi State University. With opportunities to reduce price risk come many dangers in terms of profit margin risk. Anderson will provide information for producers on what to expect from fluctuating markets and how they should view the commodity markets in which they operate.
- Financial Management, Dr. Danny Klinefelter, AgriLife Extension Service economist. From Wall Street to turn row, the financial market crisis of the last nine months has affected almost everyone. Klinefelter will explain how the markets are connected and what it will mean for producers and their credit situation. He will also tell producers what they can expect and how they should react to upcoming financial challenges.
For more information, contact Klose at 979-845-1138 or email [email protected].