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Presented atthe
2003National Extension Risk Management Education
Conference
Dallas, TXMarch 26 – 27, 2003
Dr. Norm DalstedDepartment of Agricultural and Resource Economics
Colorado State University
Dr. Art BarnabyDepartment of Agricultural Economics
Kansas State University
Dr. Doug JoseDepartment of Agricultural Economics
University of Nebraska, Lincoln
Presented by:
Risk Management Workshops Planning Committee
Representatives of all crop insurance companies in Colorado, Kansas and Nebraska.
The program developers from the 3 universities.
Organization
• 1 workshop in each state
• Planning committee meets in May
• Workshops in November
• Planning committee members make speaker contacts
Organization cont’d.
• One brochure - individual state registrations
• NCIS does mailings to agents in designated areas
• States do mailings to other lists such as lenders
Funding
• Initial RMA funding of $5,000 per institution.
• Programs were continued for 2000-2002 on funds generated by registrations.
Participants Receive
• Notebook with workshop handouts
• Lunch
• Continuing Education Credit
• Each state pays the respective State Insurance Departments to be a certified continuing education provider
• Registration fees - $65 and $90 for late registration
The first seminar entitled:
“Use of Crop Revenue Insurance and
Marketing Tools to
Assist Great Plains Farmers”
Nearly 400 crop insurance agents, lenders, and farmers attended the three seminars in 1999.
In 2000 – 2002 average attendance has been 300 – 400 participants.
Continuing education credits were offered in the
following states
Colorado Kansas
Nebraska Oklahoma
South Dakota Wyoming
• Continuing Education Credits were also offered in 2000, 2001, and 2002
1999 Program:
Will Revenue Insurance
and
Marketing Tools Help Growers
Weather the Current
“Farm Crisis?”
Future Public Policy Changes
Crop insurance reform legislation was being debated
Marketing strategies and tools for farmers
1999 Topics:
1999 Topics cont’d
Combining Crop Insurance and Price Risk Management Tools
Case problem with government programs, marketing tools and crop insurance
Will These Tools Work on the Farm?
Farmer Panel
Does Setting Goals Work with Limited Resource Farmers?
2000 Topics
• Legislative Update by Congressional Aids
• Working with the Next Generation of Farmers
• Risk Returns Under Financial Leverage
2000 Topics cont’d.
Fitting Options, Forward Contracts and Futures Into Your Crop Insurance Plan
Making Tools Work at the Farm LevelPanel of Grower, Lender, Crop
Insurance Agent
Internet Crop Insurance Sales
2001 Topics
Results of the Farm Bill Survey
The Farm Bill and Items That Will Effect Crop Insurance
Legislative Update
2001 Topics cont’d.
Fraud, Waste and AbusePanel of NCIS, RMA and FSA
Representatives
Lending and New ProductsCompany Representative and Lender
Using Risk Management Tools, A Case Study
2002 Topics
Understanding the New Farm Bill
Is it Going to Rain in 2003 - Analysis of Weather Patterns
2002 Topics
RMA PresentationsControlling Fraud & Abuse;
Current Great Plains Crop Insurance Issues
Washington Legislation Concerning Crop Insurance
RA-HPO verses CRC
Whole farm safety net
Crop insurance actuarial soundness
The Impacts of Drought on Agriculture: A Lender’s Perspective
Crop Insurance Challenges for the Great Plains
2002 Topics cont’d.
Evaluation
• Workshop Evaluations have been 6.0 to 7.0 on a scale of 1 - 9
• On average each insurance agent works with approximately 100 clients.
• Therefore the educational effort impacts approximately 35,000 farmers and ranchers in the Central Plains region each year.
Results
• Insurance agents and companies have continued to support this training effort
• Continued educational endeavor is provided to a unique audience
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