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Risk Management for Christmas Tree Growers

Risk Management for Christmas Tree Growers . Custom Ag Solutions Brett Crosby OSU Tree School March 24, 2007. Custom Ag Solutions. Based in Cowley, Wyoming Previous Experience Focus on Agricultural Finance Risk Management Feasibility Valuation Technology Applications.

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Risk Management for Christmas Tree Growers

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  1. Risk Management for Christmas Tree Growers Custom Ag Solutions Brett Crosby OSU Tree School March 24, 2007

  2. Custom Ag Solutions • Based in Cowley, Wyoming • Previous Experience • Focus on Agricultural Finance • Risk Management • Feasibility • Valuation • Technology Applications

  3. Risk Management Agency (RMA) • USDA Agency • Created in 1996 to Administer the Federal Crop Insurance Program • Three Divisions • Insurance Services • Research & Development • Risk Compliance • RMA Quick Facts • Over 500 Employees • Ten Regional Offices • Main Offices in Kansas City and Washington, DC

  4. Risk Management Agency (RMA) RMA’s Vision: To serve America’s agricultural producers through effective, market-based risk management solutions. RMA’s Mission: Promote, support, and regulate sound risk management solutions to preserve and strengthen the economic stability of America’s agricultural producers.

  5. Risk Management Agency (RMA) RMA’s Approach: • Partner with Public and Private Organizations to Develop New Risk Management Programs. • Partner with Private Insurance Companies to Deliver Risk Management Products (e.g., crop insurance, LRP). • Partner with Public and Private Organizations to Provide Risk Management Education.

  6. Risk Management Education(RME) RMA’s Risk Management Education • “Informed Customers and Stakeholders.” • 100 Separate Initiatives • Targeted States • Outreach Programs • Commodity Partnerships

  7. Resource Availability Site Selection Site Preparation Planting Stock Planting Technique Plantation Protection Weed Management Fertility Management Irrigation Options Shaping/Shearing Insect/Disease Control Harvesting Marketing Starting Over Management Decisions

  8. Risks Faced by Christmas Tree Growers Every management decision affects a grower’s exposure to one or more of the following risk categories: • Production Risk • Price Risk • Financial Risk • Legal Risk • Human Risk

  9. Evaluating Your Decisions The four “Knows” for each management decision: • Know the risks associated with each decision • Know the anticipated reward of each decision • Know the costs of each decision • Know the benefits of each decision

  10. The Christmas Tree Risk Analysis Tool • Model your current operation • Use the model to evaluate: • Your ability to withstand a price drop • Your ability to meet your financial obligations at various price levels • The costs and benefits of the practices used to manage production, human, and legal risks

  11. Contact Information For Free Risk Management Information and Software Call: 866 847-4578 or Visit www.ChristmasTreeRiskManagement.com

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