Texas A&M University-Kingsville

Ranching management symposium details risk in the field

KINGSVILLE - October 13, 2010

Contact: Julie Navejar
julie.navejar@tamuk.edu or 361-593-2590

Managing Risk in a Risky Business is topic of King Ranch Institute Symposium

The saying “every dark cloud has a silver lining” is fitting for the subject of the Seventh Annual HOLT CAT® Symposium on Excellence in Ranch Management sponsored by the King Ranch Institute for Ranch Management. Participants in the symposium entitled Managing Risk in a Risky Business will learn how to convert issues that threaten a ranch or is considered a weakness in an operation into opportunities and strengths.

The annual symposium will be held Thursday and Friday, Oct. 28-29, in the Memorial Student Union Building at Texas A&M University-Kingsville. Early registration ends Monday, Oct.18, with late registration after that date. The cost prior to Oct. 18 is $150 and it increases to $200. Participants can register online at http://krirm.tamuk.edu.

            The keynote speaker is Dr. Michael Boehlje, Distinguished Professor in the department of agricultural economics and the Center for Food and Agricultural Business at Purdue University. He will discuss The Resurgence of Risk in Agriculture. Those attending will discover how to find a unique approach to help manage the forces that put the ranching business at risk. The increased volatility in recent years has heightened the need for better risk management in cattle operations; however, the fluctuation in economic, environmental and political influences that cause risk to the ranching business also can create opportunities.

            Experienced ranchers and experts from around the country will provide insight into how they manage risk. Topics include the resurgence of risk in agriculture; identifying the increasing sources of risk in agriculture and how to manage/mitigate those risks; production risk management for cow-calf and yearling systems; managing external policies and regulations; managing market risk and creating choices; and developing flexibility in ranch operations.

            Thursday evening of the seminar will be a dinner and entertainment at the Caesar Kleberg Wildlife Center featuring Jake Hooker and the Outsiders; the group plays traditional country music.

            Other speakers include Dr. Jason Sawyer, Production Risk Management for Cow-Calf and Yearling Systems; Gregg Simonds, Managing External Policies and Regulations; Dr. Derrell Peel, Managing Market Risks; Dr. Dan Klinefelter, Assessing and Mitigating Financial Risk.

            There also will be a rancher panel that will provide examples of real world risk mitigation. Members of the panel include Mark Kossler, ranch manager, Vermejo Park Ranch, Raton, New Mexico; Dave Delaney, vice president and general manager of King Ranch Inc.; Erik Jacobsen, general manager of Deseret Cattle and Citrus, St. Cloud, Florida; and John Maddux, president of Maddux Cattle Company, Wauneta, Nebraska.

About Michael Boehlje

            Boehlje is a Distinguished Professor in the department of agricultural economics and Center for Food and Agricultural Business at Purdue University. He previously held faculty and administrative positions at Iowa State University, University of Minnesota and Oklahoma State University. Boehlje has devoted his career to helping farm and agribusiness managers as well as policy makers understand the pragmatic economic and financial consequences of their decisions.       

            The fundamental focus of his work has been to integrate concepts of economics, finance and strategy to solve problems of farm and agribusiness managers. He is the author or co-author of four books and over 450 articles and other publications. Boehlje also is a Fellow of the American Agricultural Economics Association and of the International Food and Agribusiness Management Association.

             A major theme in Boehlje’s research, writing and lecturing for the past 10 years has been the importance of strategic planning and thinking, and positioning the firm for long-term viability and success. More recently, his research interests have been on strategic decision making in an environment of risk and uncertainty, and innovation in the agricultural industries.

About Dr. Jason Sawyer

            Sawyer is an assistant professor of beef cattle science in the department of animal science at Texas A&M University. He also has a joint appointment with Texas AgriLife Research. He received his bachelor’s degree in rangeland ecology and management from Texas A&M and his master’s and doctoral degrees in beef cattle nutrition and management from New Mexico State University.

            His research interests revolve around beef cattle production systems, with a special emphasis on stocker cattle production systems and upstream and downstream impacts of management inputs.

About Gregg E. Simonds

            Simonds manages a large ranch in northeastern Nevada. He also uses his management experience in conjunction with researcher and land management agencies to develop cutting edge land monitoring using remote sensing technologies to understand the management on the water cycle, soil carbon sequestration and document range condition and trend. These technologies have been integrated with long-term ground base monitoring techniques allowing this data to be correlated to remotely sensed spectra.

            He has been consulting or managing ranches since 1974. He worked for Deseret Land and Livestock until 1996 and has consulted for some of the nation’s largest private landholders including King Ranch Inc., Padlock Ranch and Malapi Borderlands Group.

About Dr. Derrell Peel

            Peel has served as the extension livestock marketing specialist since he joined the faculty of the agricultural economics department at Oklahoma State University in 1989. He has his bachelor’s and master’s degrees from Montana State University and a doctorate from University of Illinois. He was previously the superintendent of the Southeastern Colorado Range Research Station in Springfield, Colorado.

            His main program areas at Oklahoma State University include livestock market outlook and marketing/risk management education for livestock producers.

About Dr. Danny Klinefelter

            Klinefelter is a professor and extension economist at Texas A&M University specializing in agricultural finance and management development. He is director of the Executive Program for Agricultural Producers and co-director of the Texas A&M Family and Owner-Managed Business. He serves as the executive secretary for the Association of Agricultural Production Executives and coordinator of the Planning the Return to the Farm Program.

            He received his doctoral degree in agricultural economics from the University of Illinois. He also earned his master’s degree from University of Illinois and his bachelor’s degree from Southern Illinois University.                                                                                        -TAMUK-

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