If there is one thing that is certain in agriculture it is uncertainty. In very recent history much of Montana has experienced extreme drought, wildfire, unprecedented snowfall, bitter cold and a spring and summer full of torrential rainfall, hail and flooding. When a majority of your business decisions are subject to change at the drop of a barometer it can be hard to know your next move. As if the weather wasn't enough, our country is also facing uncertainty when it comes to trade and our economy. When you add all these variables up it's very clear how important it is for farmers and ranchers to have strong systems and tools in place for managing risk in a changing economy.
We rarely speak definite statements in agriculture. Rather we qualify our business plan with, ‘as long as the market holds’ or ‘unless we have to feed extra hay’, or (a personal favorite) ‘Lord willing and the creek don’t rise!’ Montana Farm Bureau strives to bring its members the most current and useful tools and resources to help families maintain their vitality in uncertain economic times. As a member, you get to visit with experts and take these free resources home for future use. We want our Farm Bureau members to be as prepared as possible when it comes to managing risk on your farm or ranch. Because of the current climate surrounding trade and the economic outlook, American Farm Bureau is offering a great event on risk management and marketing options. Get all the details in their press release below.
Courtesy of American Farm Bureau:
The American Farm Bureau Federation is hosting a Facebook Live webinar on Aug. 29 to help farmers and ranchers learn about available marketing options for managing price risk in these uncertain economic times for agriculture.
Bryan Doherty, vice president and senior market advisor for Stewart Peterson, an agricultural brokerage and advisory firm, will conduct the webinar and provide expertise on preparing for the expected and the unexpected in agricultural markets.
“Younger farmers and ranchers, as well as others who have less experience with challenged ag markets and marketing for risk management, are encouraged to participate,” said AFBF Chief Economist John Newton.
Visit AFBF’s Facebook event page at 7:30 p.m. Eastern on Aug. 29 to watch the webinar.
If you have a question that you would like Doherty or Newton to answer during the webinar, share it on social media using the hashtag #AskFarmBureau.
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