RightRisk.org/News

Federal Reserve Beige Book Summary on the Ag Sector

hewlett@uwyo.edu — Thu, 03 Sep 2026 18:00:53 +0000

#RightRisk #RiskInAg #AgRiskMgt

Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: RightRisk.org/news.

ECONOMIC ACTIVITY INCREASED MODESTLY since early July. Ten of the twelve Federal Reserve Districts reported growth in the slight to moderate range; two Districts reported no change. Consumer spending grew slightly on balance; reports reflected both heightened price sensitivity on the one hand and solid high-end purchases on the other. Agriculture conditions saw slight improvement but generally remained strained; the livestock sector was strong while conditions were stressed among crop producers. The general outlook for the coming months was positive, but sentiment was mixed across sectors, with contacts reporting heightened uncertainty surrounding the effects of higher energy prices, policy, and international conflict …

Western Risk Management Library

hewlett@uwyo.edu — Thu, 03 Sep 2026 14:00:55 +0000

#RightRisk #RiskInAg #AgRiskMgt

Access the Western Risk Management Library at: FarmManagement.org/library.

The WESTERN RISK MANAGEMENT LIBRARY offers over 790 articles across 42 individual categories, covering general, production, market, financial, legal, and human resource risks. The library was developed by members of the 13-state, Western Extension Committee, with partial support provided by Farm Foundation.

Ideas in Practice – 100 Years Experience

hewlett@uwyo.edu — Wed, 02 Sep 2026 14:00:29 +0000

#AgHelpWanted #RightRisk #AgLaborManagement

Consider acquiring outside expertise with an advisory board

Learn more at: AgHelpWanted.org.

RECOGNIZING his own inexperience and in order to stay in business, a young nursery owner decided he needed advice and assistance from others. An advisory council’s main function is to act as a sounding board, and members can provide support, advice, and even act as devil’s advocate.

Limited Partnership

hewlett@uwyo.edu — Tue, 01 Sep 2026 14:00:54 +0000

#RightRisk #RiskInAg #AgRiskMgt

Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including the Limited Partnership: RightRisk.org/riskconcepts.

LIMITED PARTNERSHIPS are partnerships with at least one general partner and at least one limited partner. They can only be formed by filing a written document which names the partners. The biggest distinctions between general and limited partnerships have to do with management rights and limited liability of the limited partners. The Revised Uniform Limited Partnership Act established this business structure and provides the regulations for creating, operating, and dissolving limited partnerships.

Getting Started In Ag: Adding Value To Livestock

hewlett@uwyo.edu — Mon, 31 Aug 2026 14:00:15 +0000

#RightRisk #RiskInAg #AgRiskMgt

CLICK here to read . . .

RR Recorded Presentation: 6 Steps to Effective Risk Management

hewlett@uwyo.edu — Fri, 28 Aug 2026 14:00:28 +0000

#RightRisk #RiskInAg #AgRiskMgt

Managing Risk on Your Farm: 6 Steps to Effective Risk Management (5 segments)

CLICK HERE
to view the presentation

Harnessing the Power of Partial Budgeting in Agriculture

hewlett@uwyo.edu — Thu, 27 Aug 2026 14:00:58 +0000

#RightRisk #RiskInAg #AgRiskMgt

Learn more via the APPLIED RISK ANALYTICS series, covering the application of RightRisk Analytics, available for download at: RightRisk.org/appliedriskanalytics.

MILES SMITH IS STARTING his third year farming in Wyoming’s Big Horn Basin, working a farm he purchased under contract from his uncle. Like many new and beginning producers, he has limited resources when it comes to purchasing machinery. Among the custom services he utilizes is spraying. The main disadvantage of this strategy is the challenge of making timely applications of certain herbicides. As he plans for the upcoming year, Miles notices a definite effect on yields, especially in his barley and sugar beet crops. He views purchasing his own sprayer (leasing is not an option at this time) as the solution to his problem, however, he is unsure whether the costs will outweigh the benefits of ownership. Additionally, he believes there are further advantages to owning a sprayer, such as the potential to reduce tillage, which should also be taken into account.

Supporting Teamwork

hewlett@uwyo.edu — Wed, 26 Aug 2026 14:00:00 +0000

#AgHelpWanted #RightRisk #AgLaborManagement

Teamwork is necessary and common in agricultural operations and both management and production levels.

Learn more at: AgHelpWanted.org.

TEAMWORK is necessary and common in agricultural operations at management, as well as production, levels. Relatively stable work crews and other units defined by the organizational structure may themselves function as a team or include multiple teams. In virtually all teams, the quality of member relationships affects the work product.

Evaluating Risk Management Strategies

hewlett@uwyo.edu — Tue, 25 Aug 2026 14:00:56 +0000

#RightRisk #RiskInAg #AgRiskMgt

Risk management strategies: 1. avoid the risk; 2. transfer the risk outside the business; 3. control the risk within the business or 4. accept the risk.

RISK MANAGEMENT STRATEGIES are generally designed to do one of four things: 1. avoid the risk; 2. transfer the risk outside the business; 3. control the risk within the business or 4. accept the risk as a part of doing business.

One of the main benefits of a strategy is that it forces you to identify what you are trying to accomplish, to think about how you will measure progress, and how you will evaluate how well the strategy is working overall.

Results are important, but even good risk management strategies don’t come with guarantees. Strategies can fail for a number of reasons. Sadly, one of the most common reasons strategies fail is the lack of commitment to the strategy across time.

RightRisk Podcast- August 2026

hewlett@uwyo.edu — Mon, 24 Aug 2026 18:00:46 +0000

#RightRisk #RiskInAg #AgRiskMgt

Wildfire Risks Are Something We Need to Talk About More in Livestock Planning

CLICK HERE
to listen/download the podcast (12 min.)

WILDFIRES BURNED MORE than a million acres across Nebraska, Kansas, and Oklahoma in the first months of 2026. Nebraska lost over 800,000 acres; the Morrill Fire in mid-March burned more than 600,000 acres by itself. Then in June, the South Fork Fire burned nearly 40,000 acres in Dawes and Sioux counties near Fort Robinson Nebraska. The fire reached full containment on June 25 and producers made decisions about selling cows, weaning early, feeding hay, among a host of other decisions. Similarly, wildfires in Colorado have burned more than 235,000 acres, as of August 11th …

To read more see RightRisk.org/News