February 11th, 11:00 a.m. – 1 p.m.
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?
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.
Resources/Links – To Be Added Soon
- Drought Leadership Training – Virtual Training #2
- Tax Implications of Livestock Management Strategies Due to Adverse Weather Conditions – Jeff Tranel
- Partial Budgeting Tool/Evaluating Tradeoffs – Brent Young
- Drought Leadership Training – Retta Bruegger
Farm Service Agency Programs
Livestock Forage Disaster Program
Deadline is Dec. 1, 2022 – covers losses for hay and pasture