Nebraska Farm Bureau’s Inside Profitability Series is a series of webinars, podcasts, and social media events focused on producer profitability. The series will center on topics identified by Nebraska Farm Bureau members key to managing and maintaining economically viable farm and ranch operations.
Ecosystem Credits: An Alternative Source of Revenue?
Thursday, August 26, 2021
12:00 – 1:00 p.m. (CT)
Shelby Myers, economist, American Farm Bureau
Agriculture ecosystem credit markets have been described as the “Wild West”, where right now anything goes. Offers are coming at producers from many different entities trying to entice them to enter ecosystem or carbon credit programs. Private companies, start-ups, even Congress and the USDA are including agriculture in sustainability initiatives. For producers, credit markets and opportunities can be a confusing and uncertain fog.
The second event in Nebraska Farm Bureau’s Inside Profitability Series scheduled Thursday, August 26, at noon (CDT), will seek to cut through the fog, focusing on ecosystem credit markets as an opportunity for an alternative revenue source for producers.
Speakers on the webinar will:
• Explain the basics of ecosystem credit markets, what’s driving them, and how they work;
• Identify issues and questions producers should consider when thinking about entering a credit program;
• Share first-hand experiences of fellow producers who have investigated or are participating ecosystem credit markets;
• Provide the chance to ask questions of the presenters.
Livestock Risk Protection
Wednesday, June 30, 2021
12:00 – 1:00 p.m. (CT)
Jay Rempe, senior economist, Nebraska Farm Bureau
Rod Christen, farmer, Pawnee County
A pandemic, cybersecurity attack, export ban, import tariffs, and more have rocked cattle markets within the last 12-18 months. It seems like the risks inherent in cattle production are growing every day. Because it is typically 17 months from breeding to calf sale, cow/calf producers are especially susceptive to price risk. Cattle prices can swing wildly and when market shocks occur, it’s too late for producers to respond.
The first of Nebraska Farm Bureau’s Inside Profitability Series will focus on price risk faced by cattle producers and provide information on a risk management tool, Livestock Risk Protection (LRP) insurance, which can be used to manage price risk. LRP is designed to insure against declining market prices for both feeder and fed cattle.
Producers participating will:
- Learn the details of LRP and how it works for both feeder and fed cattle from a Farm Bureau Financial Services expert;
- Hear first-hand from fellow cattle producers on their experiences with LRP—the good and the bad;
- Have the chance to ask questions of the panel on whether LRP might be a viable tool for their operations;
- Receive background information on LRP and contact information for members of the panel for follow up questions or for more details on LRP.
Listed below are several links to additional materials on LRP:
- Fact Sheet-LRP for Feeder Cattle
- Fact Sheet-LRP for Fed Cattle
- Fact Sheet-LRP for Swine
- Farm Bureau Financial Services
- UNL Analysis of LRP Performance, 2008-2017 (Article & Podcast)
- UNL Information on Improvements in 2021 to LRP (Article & Podcast)
- Webinar PowerPoint