Nationally known experts will bring some answers to beef producers looking for help with two of the most pressing issues facing the beef industry: drought and risk management when the 2011 Beef Financial Management Conference gets underway Oct. 6 at the Ambassador Hotel in Amarillo, Texas.
The purpose of the Beef Financial Management Conference is to address the needs of the beef production industry by offering insight into current trends and issues.
Severe drought has resulted in steep reduction of the cattle herd in Texas, Oklahoma, Kansas and Colorado as pastures and pasture ponds have dried up and hay and corn crops failed.
The conference will include in-depth financial information including: the 2011 drought and its economic impact to beef producers, estate planning considerations with new tax law changes, risk management strategies, legislative updates and an overall analysis on the outlook of cattle, grain and ethanol.
Keynote speaker Dr. John Nielsen-Gammon, Texas State Climatologist, will speak on the current drought climate and economic implications to all facets of beef production. The conference will also feature William J. Murphy, Administrator, Risk Management Agency for the United States Department of Agriculture. Murphy will explain current economic protection and risk management tools available to America's farmers and ranchers.
The event will be held at the Ambassador Hotel in Amarillo from 8:30 a.m. to 4:00 p.m., with a special reception from 4:00 p.m. to 6:00 p.m. Cost will be free for feedlot operators, cattlemen and packers. Cattle industry associates will have a $100 admission fee for the conference. Registration for the conference is available online at www.cpe-conference.com
The sponsors for the conference are Frost, PLLC; Great Plains Ag Credit; Commodity Risk Management; Commodity and Ingredient Hedging, LLC; and Brock Thompson Trading, LLC.