Traditionally, agricultural producers have had a small set of production alternatives to choose from when making annual cropping decisions. With the move toward U.S. energy self-sufficiency, new cropping alternatives are now available for beginning and or transitioning producers with many more on the horizon. The question for producers is how to evaluate these emerging energy crop opportunities in a risk context relative to traditional crop alternatives.
This presentation will focus on identifying and evaluating the financial and production risks associated with oilseed crops, high biomass crops, and algae. The results will help transitional and beginning farmers make more informed decisions regarding risk management and production of energy crops. A major emphasis will be on the implications of production and delivery contracts on producer risk as well as crop insurance where applicable. Many of these new cropping alternatives present greater risks than traditional crops due to the need for specialized harvesting equipment and logistics differences.
|Conference||2011 Extension Risk Management Education National Conference|
|Presentation Type||60-Minute Concurrent|