Most cow-calf producers face price risk. Likewise, most producers manage price risk, even if they do not have an explicit “price risk management strategy.” Three major price risk management strategies are self-insurance, marketing flexibility, and formal price risk management tools. More than one strategy can be used.
As a Kansan working in agriculture, you may experience elevated stress as you work hard to produce quality products, sustain your operation, and support your family.
Agriculture workers, employees, and the family often work day and night and cannot always avoid stressful and overwhelming situations, especially during a pandemic, drought, fluctuations in market prices, and other situations that are out of their control. Caring for your own health and wellness in your high-stress profession is often overlooked but is just as critical as caring for your operation.
