Ag strategy forum coming to Montrose
By Press Release
Published Thursday, December 22, 2016 7:59 am
Producers know their costs of producing crops and livestock continue to be high while market prices are going down. As profits decrease or there are losses, producers may have difficulty securing operating loans or have to take money from the savings they accumulated over the past few years of good prices. What are they to do?
Colorado State University Extension will host four outlook and strategy forums throughout Colorado. Producers participating in the forums will learn about the outlook for commodity prices, production costs for each area, current Farm Service Agency programs, and various strategies for being profitable when prices are low.
Dr. Stephen Koontz, CSU agricultural marketing expert, will present current outlook information for commodities common to the areas in which the forums will be conducted. Koontz is well known for his knowledge of the domestic and world factors that drive market prices for such things as corn, wheat, cattle, oilseeds and hay. He is also familiar with imports and exports.
Brent Young, Jeff Tranel and Jenny Beiermann, CSU agricultural and business management economists, will discuss the costs and returns for various commodities. They will also explore strategies, including new crop insurance products, that a producer might use to change his production and marketing to better match his individual costs with forecasted market prices. USDA Farm Service Agency personnel will talk about the FSA programs available to producers in Colorado.
The Montrose ag outlook and strategy forum will be held at Friendship Hall on Jan. 11. The program be held from 11:00 a.m. to 2:30 p.m. and lunch will be provided.
Registration is required and fees are $30 online and $35 by phone. To register online go to https://2017agoutlook.eventbrite.com by phone call (970) 522-7207 and ask for Rebecca.