Increase Profits by Tweaking Financials, Managing Risk

Increase Profits by Tweaking Financials, Managing Risk

Catch one of these meetings to be held in the evenings during June.

The list is long for things that ranchers can't control: cattle market, exports, feed prices, taxes on land. But what about the things they can?

A series of evening meetings in June are designed to help ranchers with financial and risk management tools, including insurance options they might not be aware of. Participants can pick and choose meetings of their choice.

Meetings will be held from 6-9 p.m. in Thedford at Brahmer's Saloon & Steakhouse. The meal is included in the registration fee. Pre-registrations are encouraged.

Meeting dates and topics include:

June 7: "Quicken/Quickbooks"--financial records can be helpful, both for the tax accountant, and for ranchers to make management decisions. Roger Wilson, UNL Extension ag economist, will teach how Quicken software can be used for farm and ranch record keeping and analysis. Some computers with Quicken will be provided, but participants may bring their own laptop.

June 9: "Give Using Numbers for Ranch Decisions"--producers diligently turn in records to their tax man every year, but also can be using those numbers to run their ranch. Jay Parsons, ag economist from Colorado State University, and Jay Jenkins, UNL Extension, will discuss partial budgeting, profit centers and risk management.

June 14: "Speed Dating the Specialists--Help with Changes"--ranchers who are considering potential changes to their operation will have an opportunity to consult one-on-one with UNL Extension beef specialists. Participants will rotate through nutrition, reproductive, range/grazing, and economic specialists. Pre-registration encouraged, so time can be scheduled for all producers.

June 16: "Bring Your Life Jacket--We're Navigating Risk"--John Hewlett, University of Wyoming ag economist, and Jay Parsons will help understand the 10 steps to risk management. This webinar also can be viewed from home computers, via the internet and phone.

June 21: "Crunching YOUR Numbers and Understanding Your Options"--Hewlett will be in person to help navigate insurance options.

This program is sponsored by UNL Extension, USDA Risk Management Agency, RightRisk LLC, with local support from Security First Bank, NebraskaLand Bank, Farm Credit Services of America, and Bank of the West.

For more information or to register, contact the Central Sandhills Extension Office at 1-800-657-2113 or 308-645-2267. The registration fee is $15 for one meeting or $40 for the entire series $40.

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