USDA Co-hosts Free Webinar on Nov. 12 on Livestock Risk Management

Published November 4, 2020

The Extension Risk Management Education Program and U.S. Department of Agriculture are hosting a webinar on Nov. 12 for agricultural producers and professionals focused on livestock risk management. The webinar is free to attend and will provide information on livestock markets, price risk, and risk management options available through USDA.

“We strongly encourage farmers and ranchers to attend this webinar,” said Bill Northey, USDA Under Secretary for Farm Production and Conservation. “The information that will be presented here will be invaluable to livestock producers who have an interest in the various risk management tools available to them through USDA.”

“I brought my experience as a rancher with me when I came to USDA, and I know firsthand the challenges that America’s livestock producers face,” USDA Under Secretary for Marketing and Regulatory Programs Greg Ibach said. “This livestock risk management webinar is just one example of our efforts to offer timely resources to cattle producers and others in the U.S. fed beef supply chain so they can make informed business decisions. USDA remains dedicated to addressing the concerns and strengthening the interests of livestock producers through forward-thinking actions that balance every segment of the nation’s livestock industry with the direction of today’s marketplace.”

The webinar is scheduled for 2-3 p.m. Eastern on Thursday, November 12. Producers can register at farm.unl.edu/webinars.

In addition to Northey and Ibach, other speakers include:

  • Brad Lubben, University of Nebraska-Lincoln and the North Central Extension Risk Management Education Center – introduction and moderator
  • Shannon Neibergs, Washington State University and the Western Extension Risk Management Education Center – livestock economics and moderator
  • Elliott Dennis, University of Nebraska-Lincoln – price risk management concepts, tools, and considerations
  • Brandon Willis, Ranchers Insurance (Utah) and former USDA Risk Management Agency Administrator – insurance products, sales, and service

The webinar is a collaboration between USDA and the Extension Risk Management Education program, a USDA-funded program that provides regionally-based competitive grants for producer-focused educational projects. Learn more at extensionrme.org.

Meanwhile, on Tuesday, November 17, USDA will host the first in a series of four evening webinars from 7-9 p.m. Eastern with guest speakers from three regional USDA Cattle and Carcass Training Centers (CCTCs), the CME Group, and USDA’s Agricultural Marketing Service (AMS). These webinars are designed to assist cattle producers, feeders, and others in the U.S. fed beef supply chain who want to better understand the reporting, delivery, and grading of feeder cattle, live cattle, and carcasses, particularly relating to CME live cattle futures. The webinars are free, but registration is required.