• Topics to be covered include an introduction to grain hedging, basis trading, cost of carry, cotton futures, options trading on futures, using options to manage financial risks, and trading strategies to manage exposure to fluctuations in energy costs.
The North Carolina Department of Agriculture and Consumer Services is hosting free price-risk management workshops across the state to help farmers better understand the futures market and other trading options to sell their commodities.
The series, “Managing Price Volatility/Identifying Macro Indicators,” features workshops conducted by NCDA&CS staff between Jan. 8 and March 14. (The first session was held in Lumberton).
Topics to be covered include an introduction to grain hedging, basis trading, cost of carry, cotton futures, options trading on futures, using options to manage financial risks, and trading strategies to manage exposure to fluctuations in energy costs.
“I encourage farmers to attend these workshops because the information can help farmers improve their bottom line, which is especially critical in a complex and global economy,” said Agriculture Commissioner Steve Troxler.
Workshops will be held from 10 a.m. to 2 p.m. except where noted. Lunch will be on your own. Registration is not required. Following are the remaining schedule and locations:
• Wednesday, Jan. 22 — Wayne County Cooperative Extension, 208 W. Chestnut St., Goldsboro, 919-731-1521;
• Friday, Jan. 24 — McSwain Extension Education & Agriculture Center, 2420 Tramway Road, Sanford, 919-775-5624;
• Wednesday, Feb. 12 — Northampton Cooperative Extension Center, 9495 N.C. 305 N., Jackson, 252-534-2831. Times are 9:30 to 11:30 a.m., prior to a peanut production meeting;
• Thursday, Feb. 13 — Halifax County Cooperative Extension Center Auditorium, 359 Ferrell Lane, Halifax, 252-583-5161. Times are 9 to 11:30 a.m.
• Tuesday, Feb. 25 — Pitt County Cooperative Extension Center Auditorium, 403 Government Circle, Greenville, 252-902-1704;
• Tuesday, March 11 — Stanly Community College, Crutchfield Campus, Room 138, 102 Stanly Parkway, Locust, 704-991-0251;
• Friday, March 14 — Carolina Farm Credit’s Administrative Office, 146 Victory Lane, Statesville, 800-521-9952.
For more, contact Nick Lassiter, NCDA&CS marketing specialist, at 919-707-3129.