Managing Calf Market Risk with LRP in 2023 with Jay Parsons
When it comes to marketing feeder cattle in 2023, current calf prices are leaving some cow-calf producers optimistic about profits this year, even though forage availability continues to be tight and input costs continue to be high. Because a lot can happen between now and marketing time, price protection should still be a priority, even when that price outlook is optimistic.
That’s according to Jay Parsons, professor and farm and ranch management specialist in UNL’s Department of Agricultural Economics and Center for Agricultural Profitability. He’s authored a new article on our website, cap.unl.edu, and joins to discuss the importance of protecting prices and how Livestock Risk Protection insurance – and recent enhancements to the program – can serve as a valuable tool for managing market risks.
Read more at https://cap.unl.edu/livestock/managing-calf-market-risk-lrp-2023.
