By Jaymie Baxley
December 21, 2013
As we get ready to celebrate the New Year, many farmers are looking toward the springtime planting season with renewed optimism. Farmers endured record rainfall this year, which flooded fields and damaged crops, causing profits to decrease.
One question these farmers will be asking in the upcoming year is how they can better manage risk. Risk has always been a part of agriculture, but farming in America has changed drastically over the past few years. More and more, farmers are learning that it is now a game with new risks.
The most successful farmers are now looking at a deliberate and knowledgeable approach to risk management as a vital part of their plan. For them, risk management means farming in a rapidly changing world.
Farmers generally deal with five types of risks, including production, marketing, financial, legal and human resources.
Farmers will have the opportunity to learn more about these risks and develop their personal risk management plan by attending a series of risk management workshops. The objective of these workshops is to teach farmers how to understand and implement farm business planning principles for successful risk management decision-making.
During these workshops, farmers can learn about new risk management tools and services along with many that have already been established. With these tools, local farmers can build the confidence they need to deal with both the risks and the exciting opportunities for the future.
The first in the series of risk management workshops will be held on Jan. 14 at the O. P. Owens Agriculture Center on Caton Road in Lumberton. The workshop run from 9 a.m. until 4 p.m., with registration starting at 8:30 a.m.
The other workshops are scheduled for Feb. 11 and March 11. Preregistration is required to participate, and participants are required to attend all three workshops. Please register early as space is limited to 35 participants. Travel to the workshops will be reimbursed and lunch will be provided. The deadline for registration is Jan. 7. For accommodations for persons with disabilities, contact me at 910-671-3276 no later than Jan. 7.
For more information, please contact Nelson Brownlee, Extension area farm management agent with North Carolina Cooperative Extension, Robeson County Center, at 910-671-3276, by email at Nelson_Brownlee@ncsu.edu, or visit our website at http://robeson.ces.ncsu.edu/.