Using Cost of Production Information in a Good Risk Management Culture
Establishing a good risk management culture is one of the keys to success in business. This is especially true for beginning farmers with modest equity positions and high input costs.
In this webinar, Glennis McClure and Jay Parsons of the Center for Agricultural Profitability discuss the principles of using enterprise budgeting to establish costs of production and explore how to use this information in a good risk management culture to effectively manage risk. They also provide a brief overview of new enterprise budgeting resources available from the Center for Agricultural Profitability and demonstrate some of the features designed to give you the information you need to make good decisions in the risky environment of modern agriculture.