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

ECONOMIC ACTIVITY increased at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District reported no change. The pace of growth was quite close to that of last period, when activity expanded in ten Districts, was flat in one, and down in one. Consumer spending edged up as higher prices, particularly for fuel, dampened sales in other categories. Several Districts noted declines in spending on discretionary items or trading down to more affordable varieties. Tourism was up, with some Districts receiving a boost from World Cup visitors. Auto dealers reported little change in sales, but spending on repairs grew as consumers held onto vehicles for longer. Agricultural conditions deteriorated due to lower commodity prices, higher input costs, and tighter credit …

#AgHelpWanted #RightRisk #AgLaborManagement

Formal meetings provide opportunity to provide information and share ideas.

Learn more at: AgHelpWanted.org.

MEETINGS of groups of employees or all employees are good for providing information with a more personal touch than written form and for taking up matters on which multiple people can contribute to discussion. Farm and ranch operators use them to report on the status of the business, formulate business goals and plans, make major personnel decisions, cope with specific operational problems, and provide training.

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Ag Help Wanted updates are available for download.

For more see: AgHelpWanted.org/updates.

MANY AGRICULTURAL EMPLOYERS have found written personnel policies helpful to guide decisions and clarify what workers and managers can expect of one another. Written policies can save administrative time, reduce uncertainty for employees, promote consistency of management action across supervisors and points in time, and help reduce the incidence of decisions that violate a public law or a private sense of fairness.

Several Ag Help Wanted updates were recently posted to the website companion for Ag Help Wanted: Guidelines for Managing Agricultural Labor.

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AGRICULTURE IS ONE OF THE FEW major production sectors where the factory floor is largely exposed to weather, pests, disease, markets, and biological timing. Farmers and ranchers cannot always slow down, shut down, or redirect production when conditions change. A crop has to be planted before the weather is known. Livestock must be cared for regardless of market conditions. Labor, machinery, fuel, seed, feed, fertilizer, and management time are often committed long before the final value of production is known …

To read more see RightRisk.org/News

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RightRisk Analytics include over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.

RightRisk ANALYTICS is a series of risk analytics tools available for download free of charge. Applications include: the Risk Scenario Planner, Machine Risk Calculator, Forage Risk Analyzer, Enterprise Risk Analyzer, RDFinancial, Multi-Temporal Risk Analysis, and Risk Navigator toolbox. The site also includes online guides, example applications, and more.

#AgHelpWanted #RightRisk #AgLaborManagement

How to formally engage labor—through direct employment, farm labor contractors and other service providers, or independent contractor agreements—is a basic choice.

Learn more at: AgHelpWanted.org.

WHEN STAFFING with direct employees and family members, key decisions include: 1) Which tasks and duties to combine into jobs, 2) How to group jobs within crews or other organizational units, 3) What rates of pay and fringe benefits to offer, and 4) How to select employees for specific positions and assignments.

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To read more see RightRisk.org/News

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FOR MANY BEEF PRODUCERS, drought creates a difficult financial decision. As forage supplies shrink and grazing capacity declines, producers must decide whether to purchase supplemental feed or reduce herd size through liquidation. The choice is especially challenging in today’s market, where cattle prices remain historically strong and productive breeding females represent valuable assets …

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The Risk Scenario Planning course is available free of charge at: RightRisk.org > Courses.

The RISK SCENARIO PLANNING Course: Evaluating Risk and Risk Management Strategies is a two-hour, internet-based course with topics covering: An Introduction to Risk, Risk Strategies, Case Study: Gates Creek Land & Livestock, Case Study: Big Country Farms, Case Study: Bell Livestock, Case Study: Z-F Ranch, Risk Scenario Planning Tool Overview, Expectations About the Future, Risk Management Framework, resource links for further research, and many other features.