Ranchers Receive Risk Management Tips

UW Specialist John Hewlett presented the program. (Photo by Pat Blair)
UW Specialist John Hewlett presented the program. (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 Thursday at the Watt Ag Center in Sheridan.

The day-long event was hosted by the University of Wyoming Extension Service.

The university's farm and ranch management specialist John Hewlett explained the goals of the workshop in an interview yesterday with Sheridan Media's Pat Blair.

He said many people do not 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 specialist said the marketing workshop is among the newer programs provided by the university. But he said the extension service gives programs statewide for farmers and ranchers, typically during the winter months when they are less busy with crops and livestock. In the past, the university extension service has presented a master cattleman's program around Wyoming, and a master haygrower program is scheduled for next week in Casper.

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