Virtual Training #2: Risk Management

February 11th, 11:00 a.m. – 1 p.m.

Summary

Virtual training #2 is ‘Risk Management’. Drought can impact all five areas of risk. Speakers on this webinar will address 3 different topics to help you manage risk due to drought. Jeff Tranel, CSU Extension, will speak about tax implications of drought for ag operations. Corey Hicks of the Farm Service Agency will detail what programs are available through the FSA for drought relief. Finally, Brent Young, CSU Extension, will demonstrate a partial budgeting tool to evaluate costs and benefits of adopting changes in practices that impact drought resilience.

Discussion Questions in Breakouts:

What’s one thing that surprised you in the info presented?
What questions or additional information do you still need regarding today’s topics?
How does the info from the speakers tie what you are already doing or using?
How might you use this information or tools?

Agenda

11: 00 Introduction, 5 minutes introducing what drought planning is and how the content of the webinar relates to it, and pre-evaluation

11:15 Jeff Tranel

11:40 Corey Hicks

12:05 am Brent Young

12:30 Additional Questions

12:35 Breakout groups

12:50 Final eval, thank yous, and what’s next

Speakers and Bios

Jeff Tranel – Jeff Tranel has been an Agricultural and Business Management Economist with Colorado State University for more than 30 years. His professional interests focus on estate planning, business succession, financial management, income tax management, and human resource management. Jeff has addressed agricultural audiences and worked with more than 8,000 farm and ranch families throughout Colorado, in 24 other states, and in the countries of Belarus, Canada, Ireland, and New Zealand. He also sits on the National Farm Income Tax Task Force.

Corey Hicks – Corey Hicks is the County Executive Director and has have worked for FSA since 1992. Colorado native from the San Luis Valley. He works dillginetly to ensure farmers have the access to the programs they need from the Farm Service Agency.

Brent Young – Dr. Brent Young serves as an Agricultural Business Management Economist with Colorado State University Extension. Brent strives help farmers and ranchers manage risk through the development, delivery and evaluation of non-credit educational programming. Additionally, he provides information on Farm Bill Title 1 production support and Title 11 commodity insurance programs, crop and livestock enterprise analysis, financial management strategies, and commodity marketing.