COLUMBUS - Price volatility is a major concern for livestock and grain producers as they are typically price takers not price makers. Movement in commodity markets can be unnerving as profit margins are tight for producers. Though an uptick in the market is a welcome relief, a sudden downturn in the markets can mean disaster for producers if they do not have some sort of protection. To protect against falling markets producers have several choices. Hedging with Futures and Options are a common method of price protection. However, for someone not familiar with using them, it can be quite intimidating.
To help producers navigate futures marketing Cherokee County K-State Research and Extension will be hosting a Marketing 101 workshop beginning at 6 p.m. on Tuesday, Feb. 27, at the Cherokee County Extension Office. The office is located at 124 W. Country Rd in Columbus. There will be a sponsored meal with the workshop beginning at 6:30 p.m.
Mark Nelson, Kansas Farm Bureau Director of Commodities, will be the featured speaker. He will demonstrate a practical application of how to use futures marketing to protect against sudden price fluctuations. He will give examples of both livestock and grain marketing scenarios.
Dale Helwig will look at market prices to see how they move throughout the year. Understanding the movement of markets may help in some marketing strategies. There will be an opportunity for questions and discussion during the meeting. For any questions please contact the Cherokee County Extension Office at (620) 429-3849 or email firstname.lastname@example.org.
Kansas State University is committed to making its services, activities and programs accessible to all participants. If you have special requirements due to a physical, vision, or hearing disability, contact Dale Helwig, Cherokee County Extension, 124 W. Country Rd, Columbus, KS 66725, phone 620-429-3849 or email email@example.com.