Purdue News 
Purdue News
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August 21, 1998
Purdue offers risk-management seminarsWEST LAFAYETTE, Ind. -- Weather volatility, low crop prices, higher yields and larger stockpiles have conspired to make risk management a priority topic for farmers and the consultants who work for them.But there are all kinds of risks, and agricultural advisers need to be aware of the tools available to minimize or avoid financial losses, says a Purdue University agricultural economist who is organizing four risk-management seminars across Indiana in September. "The seminars are intended for lenders, crop insurance agents, consultants, farm managers and marketing advisers who may only deal with one aspect of risk that producers face," said George Patrick, the Purdue Cooperative Extension Service agricultural economist who is organizing the seminars. Specialists from Purdue, Indiana Farm Bureau Inc. and the U.S. Department of Agriculture Risk Management Agency will cover marketing risk, financial risk, legal risk and human resource risk, which can include untimely death, disability, divorce and poor-performing employees. Connersville farmer Brad Starr will discuss production risks. The speakers also will provide an overview of risk-management tools and effective risk-management strategies. Preregistration is required by calling Gary Lee, Purdue Division of Conferences, at (800) 359-2968. The cost is $45, which includes lunch. Workshops will last from 8 a.m. until 3:30 p.m. at four sites:
Sept. 2: West Lafayette, Holiday Inn, I-65 and State Road 43 (Exit 178). Individuals can file for a federal tax credit for their tuition by including their Social Security number on their registration. CONTACT: Patrick, (765) 494-4241; e-mail, patrick@agecon.purdue.edu
Compiled by Chris Sigurdson, (765) 494-8415; E-mail, sig@ecn.purdue.edu Purdue News Service: (765) 494-2096; e-mail, purduenews@purdue.edu
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