SDSU Extension Discusses New Weaned Calf Risk Protection Insurance

Nov 08, 2023

SDSU Extension will discuss the new Weaned Calf Risk Protection Insurance product during its November session of Ag Economic Dialogues.

South Dakota is one of the states chosen to test the new risk protection product from the United States Department of Agriculture-Risk Management Agency.

Weaned Calf Risk Protection Insurance was created to provide cow-calf producers with a price and production risk management option, similar to crop insurance. Coverage includes risk protection against calf death loss, price fluctuations, or price changes with a harvest option.

Producers interested in purchasing the insurance must sign up with a crop insurance agent by Jan. 31, 2024.

“The product was created using crop insurance as a pattern,” said Heather Gessner, SDSU Extension Livestock Business Management Field Specialist. “In this manner, the terms used and requirements in the new product will be easy for producers to understand, even if there is some clunkiness to the implementation.”

Producers are encouraged to talk to their crop insurance agent to learn more about the new product or join the online Ag Economic Dialogues session at 10 a.m. CST on Nov. 17, 2023.

Ag Economic Dialogues is a monthly webinar series that addresses current economic issues farmers and ranchers face. To register, visit the SDSU Extension Events page and search for “Dialogues - November”.

Source : usda.gov

Video: Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Today’s episode features three guests discussing the similarities and differences between pork production in the United States and Brazil, along with strategies for managing risk in today’s industry while recognizing and acting on opportunities. First, Dr. Anne Caroline de Lara, executive manager of live pig production at Seara Alimentos, a JBS company in Brazil, is joined by Dr. Matthew Turner, head of operations for JBS Live Pork. Together, they discuss how labor, climate and ventilation challenges vary between Brazil and the United States, while underscoring their shared commitment to raising healthy pigs. They also point to lessons producers in both countries can take from one another’s systems and on-farm experiences. Then, Brady Reicks, risk manager at Reicks View Farms, shares his perspective on risk management, drawing from his background in markets and his transition into farming. He discusses how protecting margins varies by operation and offers practical approaches producers can use to make marketing and business decisions with greater confidence rather than hesitation.

Both conversations were recorded at recent industry events focused on swine livability, including the International Conference on Pig Livability and Iowa Swine Day.