Today’s weekly U.S. Drought Monitor update shows that roughly 62 percent of the continental U.S. remains in some form of drought, unchanged from the previous week. That number has been above 60 percent largely since July. Nearly 22 percent of the lower 48 states are in extreme or exceptional drought, the two worst categories. That’s up a half of a percentage point from a week earlier.
This update does not consider the current storm going through the center of the country.
A reminder of the Ag in Uncertain Times webinar Friday December 7, 2012, 12:00 Eastern/11:00 Central/10:00 Mountain/9:00 Pacific — Tax and Financial Risks Due to Drought and Disaster
The webinar is part of a series by the North Central Risk Management Education Center and co-hosted by the Agriculture and Applied Economics Section (Extension Section) and is being hosted by Montana State University Technology at this link – http://msuextensionconnect.org/aginuncertaintimes
The third webinar is set for January 22, 2013 and will address strategies for the coming production year with uncertain institutional, production, and market risks.
Kim Cassel Dec 7 AgInUncertainTimes_FLYER
From the North Central Risk Management Education Center:
AG In Uncertain Times webinar: Managing Drought and Disaster Impacts
Droughts and natural disasters have caused widespread effects across the farm economy this past year by increasing price volatility and production risk, as well as increasing financial uncertainty. These risks directly affect farms and ranches impacted by the natural disaster but also producers far removed are affected by reduced input supplies and price increases. A three part webinar series will present issues concerning managing drought and disaster impacts.
The first webinar was November 20 and addressed livestock issues. Presentations and presenters include:
Market Outlooks for Cattle, Dairy, Forage and Feed –
Erika Rosa-Sanko and Katelyn McCullock (Livestock Marketing Information Center)
Feeding Risks from Drought Impacted Feeds and Forages –
Dr. Rachel Endecott (Montana State University)
Should I Buy Hay or Sell Cows – Jeffrey Tranel (Colorado State University)
To view click here