NCDA&CS offers risk-management classes for farmers

NCDA&CS offers risk-management classes for farmers

The following topics will be covered: Introduction to grain hedging, basis trading, cost of carry, cotton futures, option trading on futures and equities, and macro forces. All workshops will be held from 10 a.m. to noon, and are free.

The North Carolina  Department of Agriculture and Consumer Services will offer a series of risk- management workshops across the state in January through March. The workshops will focus on managing price volatility and identifying macro indicators.

The following topics will be covered: Introduction to grain hedging, basis trading, cost of carry, cotton futures, option trading on futures and equities, and macro forces. The principles of options, spreading strategies, using options to manage financial risk, and energy derivatives and how to manage exposure to energy costs will be discussed.

All workshops will be held from 10 a.m. to noon, and are free.

Following is the schedule, times and location of classes:

  • Jan. 7 at the Robeson County Agriculture Building, O.P. Owens Building, Lumberton, 910-671-3276;
  • Jan. 9 at the Johnston County Ag Center, 2736 N.C. 210, Smithfield, 919-989-5380;
  • Jan. 26 at the Pitt County Extension Center, 403 Government Circle, Greenville, 252-902-1709;
  • Jan. 28 at the Pasquotank County Extension Center, 1209 McPherson St., Elizabeth City, 252-338-3954;
  • Feb. 17 at the Northampton Cooperative Extension Center, 9495 N.C. 305 N., Jackson, 252-534-2831;
  • March 12 at the Union County Extension Center, 3230 Presson Rd., Monroe, 704-283-3801;     
  • March 13 at the Carolina Farm Credit Administrative Office, 146 Victory Lane, Statesville, 800-521-9952.

For more information or to register for the workshops, contact Nick Lassiter, NCDA&CS marketing specialist, at 919-707-3129.

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