The latest insurance options and risk management information for livestock producers will be covered during a series of workshops across the state presented by the University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension. Nebraska Extension educators and specialists will highlight strategies designed to reduce risk exposure so livestock producers can achieve a profitability outcome in uncertain times. Current issues facing the cattle industry will be discussed to help producers to make more informed decisions. The goal of this program is to provide producers with the tools and resources needed to navigate the volatile livestock market and better manage risk through the creation of a risk management plan. Topics will include managing drought risk with USDA’s Pasture, Rangeland, and Forage (PRF) Insurance and managing price risk with USDA’s Livestock Risk Protection (LRP). PRF is an annual sign-up due on Dec. 1. LRP can be purchased most business days. The Weaned Calf Risk Protection Program, new this year, will also be discussed.
This material is based upon work supported by USDA/NIFA under Award Number 2023-70027-40444.