Manage Price Risks with Course

By Scout Nelson

A new online course titled “Livestock Risk Protection Insurance for Ranchers” launched on April 1. The program is offered by the Nebraska Women in Agriculture initiative and is designed to help ranchers better understand how to manage financial risks in livestock production.

This self-paced course is suitable for both beginners and those with some experience in livestock insurance. It explains the Livestock Risk Protection (LRP) Insurance program in a simple and practical way. Participants can learn at their own pace, making it easier to fit the course into their daily schedules.

The course is taught by an agricultural economist Elliott Dennis, from the University of Nebraska–Lincoln who has a strong knowledge of livestock markets and risk management. The lessons focus on helping participants understand how price changes can affect their business and how insurance tools can reduce those risks.

“Price volatility is one of the biggest risks livestock producers face,” Dennis said. “LRP can be a useful tool for managing that risk, but many producers aren’t familiar with how it works or when it makes sense to use. This course is designed to walk ranchers through the fundamentals and help them determine how LRP may fit into their operation.”

Participants in the course will learn key topics such as the basics of Livestock Risk Protection Insurance, when it is most useful, and how to choose the right coverage levels. These lessons aim to improve decision-making and strengthen financial planning in livestock operations.

The course fee is $50 per participant, making it an affordable option for those looking to build their knowledge. Interested individuals can enroll using the link.

This program is part of the Agri-Essentials initiative, which is supported by the USDA National Institute of Food and Agriculture. The course welcomes all participants and provides equal learning opportunities.

Overall, this course offers a valuable learning experience for ranchers who want to manage risks better and improve their business outcomes in a changing agricultural market.

Photo Credit: gettyimages-scharfsinn86