Farmers Urged to Know Costs, Manage Risk

With these volatile markets, SDSU Extension Livestock Business Management Specialist Heather Gessner wants farmers and ranchers to pay attention to the numbers. “It’s the part that they hate the most, but I truly believe when things are this crazy and we’re not sure what’s going to happen, we really need to know our cost of production.” This recommendation extends beyond crop production. “If you’ve got calves coming on, ground, you could look at LRP or if you’re buying calves to feed out, utilizing that insurance product might be something you want to look at.”