Change was the watchword of the political season, but volatility may be the best description of agriculture, says Nueces County, Texas, farmer Jimmy Dodson.\u00a0And that volatility may alter the way farmers look at risk.\u00a0\u201cWe now have to do just as good a job managing risks as we do in managing yields,\u201d says Dodson. \u201cOur risk profile has changed and volatility (in both production costs and commodity prices) is a bigger factor.\u201d\u00a0The volatility in markets has even disrupted risk planning for professionals, he says. \u201cStrategies that have worked in the past have not worked recently, and may be less reliable in the future. Historic high basis levels caused grain prices received on hedge-to-arrive contracts to be more than a dollar a bushel less than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"
Change was the watchword of the political season, but volatility may be the best description of agriculture, says Nueces County, Texas, farmer Jimmy Dodson.\u00a0And that volatility may alter the way […]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-621","post","type-post","status-publish","format-standard","hentry","category-news-headlines"],"yoast_head":"\n