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Issue 23 |
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Prairie Grains is the official publication of the Minnesota Association of Wheat Growers, North Dakota Grain Growers Association, South Dakota Wheat, Inc. and the Minnesota Barley Growers Assocation. |
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Copyright Prairie |
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Software manages farm finance, marketing risks By George Flaskerud NDSU Extension Crops Economist Farm Financial Analyzer
This is an interactive information and financial analysis system that will assist users in evaluating the financial performance of farming operations. The
interactive system provides users information to compare specific operations to farms with similar characteristics. You may download spreadsheet tools to analyze specific operations, with
data on current and historical interest rates, commodity prices, stock prices, and agricultural finance provided. Farm Financial Analyzer can be found online at HedgeSim is a computerized simulation program where users can pra The software program was designed by the Office for Futures and Options Research (OFOR) and programmed at the University of Illinois at
Urbana-Champaign. It has been tested by hundreds of U of I students in classroom use. The price of HedgeSim 3.0 is $30. To order, contact: Office
for Futures and Options Research (OFOR) University of Illinois at Urbana-Champaign, 305 Mumford Hall, 1301 West Gregory Drive, Urbana, IL 6180, Phone (217) 333-1811, Fax (217) 333-5538, e-mail: AgRisk predicts the distribution of a farm's gross revenue
at harvest time under alternative pre-harvest risk management strategies that involve any combination of multiple peril crop insurance, crop revenue
protection insurance, group risk plan insurance, price options and futures, and various pricing contracts offered by elevators and processors, including forward price and minimum price contracts. By comparing how gross
revenue distributions vary across different risk management strategies, a farmer will be better informed about his or her risk management options, thereby leading to improved risk management decisions The program was developed by Ohio State University and the University of
Illinois with funding provided by the USDA Risk Management Agency. AgRisk is distributed as freeware. Copies of AgRisk are available freely via
the Internet or by direct order from Ohio State University, for the cost of copying and postage. See more information online: |
ctice applying different risk management strategies. It's "make-believe hedging," before hedging for real. The user
manages either a grain farm or livestock feeding operation. Various marketing strategies can be implemented over time using cash, futures, and options markets. The user receives reasonable
production costs and actual historical daily prices and government reports. 
AgRisk is a Windows program designed to assist corn, soybean, wheat, and sorghum farmers to manage
harvest-time revenue risk using forward, futures, options, and crop insurance contracts.