Inside Profitability Series
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.
If you have recommendations for subjects you would like to include in the series, please email Jay Rempe at firstname.lastname@example.org.
Drought & Crop Insurance: What to Know
Available: June 22 @ 6:30 p.m.
Speaker: Zach Hyland, regional crop consultant, Farm Bureau Financial Services
Temperatures have begun to push 100 degrees in many parts of Nebraska. The latest drought monitor shows 94 percent of the state under some form of drought, with 45 percent of the state categorized as severe, extreme, or exceptional drought. The latest National Weather Service long-term forecast for Nebraska calls for a hot and dry summer. All these signs point to the persistence of drought this summer. Drought raises many questions for producers with crop insurance. Must producers continue to maintain the crops if its suffering from drought? When do claims need to be filed? Can irrigation water be diverted? What if the drought persists into the fall when planting wheat?
These questions and more are the focus this Inside Profitability Series webinar. The webinar will highlight what farmers should do under their crop insurance policies if their crops are damaged by drought. The speaker discusses options farmers have under crop insurance if crops suffer from drought and what producers should do if they want to cut a portion of the crop for silage or divert water from one crop to adequately water another crop. They will also touch on Pasture, Range, and Forage Coverage and how drought impacts Livestock Risk Protection (LRP) .
Irrigation & Water Management During Drought
Speaker: Steve Melvin, Irrigated Cropping Systems Extension Educator, UNL
The latest National Weather Service long-term forecast for Nebraska calls for a hot and dry summer, meaning the state’s drought is likely to continue. As such, effectively managing irrigation during the growing season will be paramount for a successful crop. Irrigation scheduling, consistent application rates, soil water monitoring, energy costs, and more factor into effective water management.
This webinar will focus on water and irrigation management during drought. Steve Melvin, an Irrigated Cropping Systems Extension Educator located in Central City with the University of Nebraska, will discuss factors irrigators should keep in mind when managing irrigation applications this year. Steve’s work focuses on working with farmers to conserve water and effectively manage their irrigation equipment. Proper pressure, soil water monitoring, irrigation timing, end of season applications, and other water management factors will be discussed.
Marketing Grain this Year with Drought/International Events
Speaker: Kevin Gonnerman, risk management consultant, StoneX
The latest National Weather Service long-term forecast for Nebraska calls for a hot and dry summer, meaning the state’s drought is likely to continue. At the same time, planting problems elsewhere in the U.S., strong demand, and world turmoil have pushed crop prices higher this year. Given the uncertainties and volatility in today’s grain markets, should Nebraska crop producers be looking to market a portion of their crops prior to harvest? Do the typical seasonal price trends hold during period of drought? Are there other factors farmers should consider when selling crops in drought years?
This webinar will focus on grain marketing this year given the influence of drought and unusual volatility in current markets. Featuring Kevin Gonnerman, a risk management consultant with StoneX in Omaha and former farmer from York County, the webinar will discuss marketing tools farmers can use to take advantage of seasonality in commodity markets. Kevin will also examine potential profitability this year for corn and soybean producers and discuss how farmers can lock in positive returns for a portion of this year’s crop.