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Tips for Risk Management



Managing Livestock Operations

Photo: Mark Anderson

Mark Anderson

Challenge: Successfully Marketing and Managing Diversified Operations 
Solution: Know Costs, Evaluate Efficiencies 


Grain Storage

Photo: Greg Rebman

Greg Rebman

Challenge: Incorporating Grain Storage as a Marketing Strategy 
Solution: Respond Quickly and Be Flexible When Using Delayed Pricing

Challenge: Store Grain Without Damaging Quality
Solution: Monitor Bins Closely and Avoid Heat


Harvest Management

Photo: Brian Schaumburg

Brian Schaumburg

Challenge: Managing Harvest Time Efficiently
Solution: Use Two-way Radios and Reward Efficiencies


Photo: Larry Swanson

Larry Swanson

Challenge: Managing Harvest Time Efficiently
Solution: Connect Daily and Analyze Problems as a Team


Marketing

Photo: Craig Williams

Craig Williams

Challenge: Understanding the Commodity Markets to Reduce Risk
Solution: Forward Contracts in Combination with Crop Insurance 


Photo: Dennis Fife

Dennis Fife

Challenge: Understading the Commodity Markets to Reduce Risk 
Solution: Use Discipline to Sell Early and Stay Involved


Photo: Greg Rebman

Greg Rebman

Challenge: Understanding the Commodity Markets to Reduce Risk
Solution: Utilize Futures Markets and Various Resources


Photo:Brock Mitchell

Brock Mitchell

Challenge: Finding Successful Strategies to Manage Price Volatility
Solution: Keeping Accurate Records and Return-Per-Acre Objectives in Mind


Photo: Kevin Matthews

Kevin Matthews

Challenge: Finding Successful Strategies to Manage Price Volatility
Solution: Keeping Accurate Records and Return-Per-Acre Objectives in Mind


Photo: Brian Schaumburg

Brian Schaumburg

Challenge: Creating a Competitive Advantage in Marketing Grain
Solution: Form a Key Partnership


Employee Management

Photo: Larry Swanson Larry Swanson

Challenge: Finding the Right Team Structure and Rewarding Performance
Solutions: Form Strong Teams and Set Goals


Photo: Kevin Matthews Kevin Matthews

Challenge: Motivating Employees
Solutions: Incentive Program Based on Measurable Performance


Tillage

Photo: Kevin Matthews

Kevin Matthews

Challenge: Managing Residue Efficiently 
Solution: Adding a New Implement Reduced Disease, Increased Yields 12-15 bu/A