November 13, 1998 | By: Randy Weckman

Traditionally, farmers have viewed risk management as buying crop insurance. But now, a variety of new risk management strategies are available for dealing with economic uncertainty. Risk management is now more than just crop insurance.

"The U.S. Department of Agriculture has assembled a web site for farmers to learn more about the variety of management tools available to help protect them from risk. Risk management is especially important now that the USDA is phasing out many of its price support programs and many commodities' prices are in the cellar," said Dick Trimble, Extension agricultural economist with the University of Kentucky College of Agriculture.

Trimble noted that the web site will show farmers how various management strategies might fit into their operation.

The site contains documents by type of risk, commodity, geographic region and type of material, including fact sheets, bulletins and software programs, Trimble said.

The web site can be accessed at: www.agrisk.umn.edu . It was assembled by the Center for Farm Financial Management at the University of Minnesota.

Contact: 

Writer: Randy Weckman
(606) 257-3937

Source: Dick Trimble
(502) 365-7541