Speakers for the Events

Dr. Stephen H Amosson is a Regents Fellow, Professor and Extension Economist - Management for Texas A&M AgriLife Extension Service. He covers the economic issues important to todays agribusiness operator from marketing commodities, enterprise budgeting, alternative irrigation systems, waste management to water policy. He is co-founder of the Master Marketer Educational System and co-organizer of the Personnel Management Conference.

2014 HighPlainsShortCourse Series

Knowledge is Power!

Educational programs of Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.

Dr. Mark Welch is an Assistant Professor and Texas A&M AgriLife Extension Economist in the Department of Agricultural Economics specializing in grain marketing. His research and Extension appointment are focused on the interests of all stakeholders in the Texas grain industry, particularly in the areas of risk management and market analysis. By providing relevant, timely, and research-based market and management information, Dr. Welch upholds the mission of Texas A&M AgriLife Extension to serve and improve the lives of the people of Texas.

IntroductiontoFuturesand Options(Datesandlocations listedinside) February3&4-Developing ThisYear'sMarketingPlanfor Feedgrains

2014 HighPlainsShortCourse Series

Arecordcorncropalongwithadequate tosurplussuppliesofallcropsintheU.S.and worldmarkets,andthelowestca leinventory in60yearsarejustsomeofthefactorsthat willleadtovola lemarketsin2014.Cropand livestockproducersneedtoknowhowtouse allthemarke ngtoolsavailabletohelpensure theirprotabilityfortheupcomingyear. TexasA&MAgriLifeExtensionServiceis oeringtwocoursestohelpproducersen hancetheirriskmanagementskills.Therst course(dates&loca onsunderGeneralInfor ma on)isdesignedforpar cipantstogaina be erunderstandingofthebasicsofhowfu tures&op onscanbeusedintheagricultural markets.Dr.SteveAmosson,RegentsFellow andExtensionManagementEconomistwill serveastheprimaryinstructor. Inthesecondshortcourse(February3& 4)willdelvedeeplyintowhat&howfunda mentalandtechnicalfactorsareaec ngthe Feedgrainsmarketfortheupcomingyear.The ul mategoalofthisworkshopistodevelopea wri enmarke ngplanforthe2014crop.Dr. SteveAmosson,RegentsFellowandExtension ManagementEconomistandDr.MarkWelch, AssistantProfessorandExtensionGrainMar ke ngSpecialistwillserveastheprimaryin structors.Theirinstruc onwillbesupplement edbyguestspeakersincludingapanelofarea lenders,brokersandgrainmerchandisersto addresskeyissuesfacinglocalproducersinthe upcomingmarke ngyear.

GENERALINFORMATION

REGISTRATION

Intro to Futures & Opons

9:00a.m.4:00p.m.
January27FirstStateBank,Dalhart January28OLoughlinCenter,Spearman January29OchiltreeExpoCenter,Perryton February11RobertsCountyCourthouseAnnex,Miami March5WheelerAgandFamilyLifeCenter,Wheeler March6DeafSmithCountyExtensionOce,Hereford

Toregisterandpayforeithercourse, pleasegoto: h p://agriliferegister.tamu.edu.Thisisthe preferredmethodofregistra onandpay ment.Registra onandpaymentswillbe acceptedonsitebutregistra onmustbe donethreedaypriortothecourse.

Theobjec veofthisonedayworkshopistogainan understanding of the basics of how futures & op ons can be used as risk management tools in the agricultural markets. Specic topics include: an in troduc ontothefuturesmarkets,marginaccounts, basis, short hedges using the futures, as well as, shorthedges usingtheop onsmarketsamongoth er topics. A number of examples and handson ex ercises will be used to enhance the learning experi enceofpar cipants.

Registraon deadline is 3 days prior to the course! Cost:$50forIntrotoFutures&Op ons $125forDevelopingThisYears Marke ngPlanforFeedgrains The registra on fee is per par cipant and is used to cover the costs associated with in struc on,breaks,mealsandmaterials.
Formoreinforma oncontact LeonGuerreroat(806)6775626or lguerrero@ag.tamu.edu

Developing This Years Markeng Plan for Feedgrains

February3&4,2014,9:00a.m.to4:00pm Loca on:TexasA&MAgriLifeResearch&Extension Center,6500AmarilloBlvd.West,inAmarillo

Severaltopicswillbecoveredinthecourseinorder for producers to gain a be er understanding of the 2014 feedgrains market and develop a more in formed marke ng plan for the crop. The specic topics include: Developing a Marke ng Plan, Cost of Produc on, Fundamentals including current supplies, es mate of 2014 produc on and demand (Ethanol, Feed Use and Exports), Basis, Technical Analysis, Cash and Contract Seasonality, Marke ng Tools, Marke ng Strategies, Cropping season weatherforecastandIndustryPanel.