UNL CropWatch Nov. 7, 2010: Market Journal: Risk Management and Insurance Updates

UNL CropWatch Nov. 7, 2010: Market Journal: Risk Management and Insurance Updates

November 7, 2010

On this week's Market Journal host and UNL agricultural economics Doug Jose visits with risk management experts at the 12th annual Crop Insurance Workshop held recently in Grand Island.  In one segment Steve Koontz, Colorado State University associate professor of agricultural economics, predicts that the stocks-to-use ratio for corn will be relatively tight at the end of the 2010-11 market year, but option prices indicate grain prices could weaken.

Also on this week's program:

  • Seavey Anthony, program automation branch chief, USDA Risk Management Agency, says RMA is using a variety of technical tools such as satellite imagery to develop a common reporting system for all USDA programs and satellite radar data to spot crop damaging weather events.
     
  • Bill Murphy, manager of the Federal Crop Insurance Corporation, explains how the new Standard Reinsurance agreement between USDA and private companies will redistribute geographically the earnings of the companies. Under the agreement some farmers will receive good performance refunds for their crop insurance history.
     
  • Tom Sell, agricultural lobbyist, describes how people can become involved with agricultural advocacy by taking part in grassroots organizations, such as commodity organizations.
     
  • Al Dutcher, UNL extension state climatologist, says a light snow could be on the ground as early as next week.

Market Journal Broadcast Times

View this week's program, as well as previous programs, online at marketjournal.unl.edu and watch for future broadcasts on these networks.

  • NET1 – Saturday, 7 a.m. CT
  • NET2 – Sunday, 9 a.m. CT
  • Dish Network, Channel 9411

Friday, 12:30 p.m.
Sunday, 9:30 p.m.
Wednesday, 8:30 a.m.