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![Page 1: Risk Management for Christmas Tree Growers Custom Ag Solutions Brett Crosby OSU Tree School March 24, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022082422/5697c01d1a28abf838cd0bc0/html5/thumbnails/1.jpg)
Risk Management for Christmas Tree Growers
Custom Ag Solutions
Brett Crosby
OSU Tree School
March 24, 2007
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Custom Ag Solutions
• Based in Cowley, Wyoming
• Previous Experience
• Focus on Agricultural Finance– Risk Management– Feasibility– Valuation– Technology Applications
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• USDA Agency• Created in 1996 to Administer the Federal
Crop Insurance Program• Three Divisions
– Insurance Services– Research & Development – Risk Compliance
• RMA Quick Facts– Over 500 Employees– Ten Regional Offices – Main Offices in Kansas City and Washington, DC
Risk Management Agency (RMA)
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RMA’s Vision: To serve America’s agricultural producers through effective, market-based risk management solutions.
RMA’s Mission: Promote, support, and regulate sound risk management solutions to preserve and strengthen the economic stability of America’s agricultural producers.
Risk Management Agency (RMA)
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RMA’s Approach:• Partner with Public and Private
Organizations to Develop New Risk Management Programs.
• Partner with Private Insurance Companies to Deliver Risk Management Products (e.g., crop insurance, LRP).
• Partner with Public and Private Organizations to Provide Risk Management Education.
Risk Management Agency (RMA)
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RMA’s Risk Management Education– “Informed Customers and Stakeholders.”– 100 Separate Initiatives
• Targeted States
• Outreach Programs
• Commodity Partnerships
Risk Management Education(RME)
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Management Decisions
• Resource Availability
• Site Selection• Site Preparation• Planting Stock• Planting Technique• Plantation Protection• Weed Management• Fertility Management
• Irrigation Options• Shaping/Shearing• Insect/Disease Control• Harvesting• Marketing• Starting Over
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Risks Faced by Christmas Tree Growers
Every management decision affects a grower’s exposure to one or more of the following risk categories:
– Production Risk– Price Risk– Financial Risk– Legal Risk– Human Risk
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Evaluating Your Decisions
The four “Knows” for each management decision:
1. Know the risks associated with each decision
2. Know the anticipated reward of each decision
3. Know the costs of each decision
4. Know the benefits of each decision
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The Christmas Tree Risk Analysis Tool
• Model your current operation
• Use the model to evaluate:– Your ability to withstand a price drop – Your ability to meet your financial
obligations at various price levels– The costs and benefits of the practices
used to manage production, human, and legal risks
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Contact Information
For Free Risk Management Information and Software Call:
866 847-4578 or Visit
www.ChristmasTreeRiskManagement.com