Ag economist says livestock producers should look closely at tools to manage risk

A livestock economist says there is a lot of uncertainty facing cattle producers in 2023 and they should take steps to protect their operations.

University of Missouri’s Scott Brown tells Brownfield risk management doesn’t necessarily mean maximizing the price they are going to receive for their cattle. “It is all about cutting downside risk, as cheaply as I can, to make sure my operation stays in business over the long term,” he says.