A risk management seminar is planned for Jan. 12 at the Paul D. Camp Community College Regional Work Force Conference Center in Franklin, Va.
The seminar is designed to provide timely risk management information to agricultural business and policy decision makers. It begins with registration at 9:30 a.m.
Experts will present information on grain contracts and market outlook, peanut market structure, peanut contracts, cooperative marketing possibilities and peanut market prices.
Jonah Bowles of the Virginia Farm Bureau will discuss grain contracts and give a market outlook. Dallas Barnes of Severn Peanut Co. will talk about the peanut market structure. Billy Barrow of Golden Peanut Co., Fred Garner of Birdsong Peanut Co. and a representative of Severn Peanut Co. will discuss types of peanut contracts. Dell Cotton of the Peanut Growers Cooperative Marketing Association will discuss cooperative marketing possibilities. Gary Bullen of North Carolina State University Extension and Jim Pease of Virginia Tech will discuss peanut market prices.
In the afternoon, Mike Roberts, with the Virginia Tech Extension Service, will present peanut, soybean and corn budgets looking at cost per acre, cost per unit and potential income from a program acre.
A bank representative is scheduled to discuss evaluation of a loan application. Wayne Purcell, Virginia Tech professor emeritus, will discuss the Capital Access program.
A representative of the USDA Risk Management Agency will also discuss crop insurance, including the policy potential for cost of production coverage and contract income coverage.
To register, call the City of Suffolk Extension office at 757-923-2050 or 757-923-2051.