Risk Management for Cattlemen
Date
2014-01-18
Authors
Latcham, Tony
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Cornbelt Cow-Calf Conference
The Cornbelt Cow-Calf Conference is one of the longest running and most successful conferences of its type in the Midwest. For over forty years, the conference has provided an opportunity for producers, researchers, and over 70 industry representatives to come together to explore current topics and issues. This concentrated one-day conference focuses on management and production practices that contribute to making the cow-calf business profitable and competitive on a long-term basis.
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Abstract
Livestock insurance was first sold in 2002 and initially ran into problems as that pilot got underway. As the program evolved bugs were worked through and we ended up with two products that provide price protection for livestock producers at a reasonable cost. In this presentation I will review the two types of livestock insurance available and go through examples of when and where they are appropriate to utilize in your marketing scheme.