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Course Overview

Course Overview. Lesson 1: Introduction to Risk Management introduces you to: The important aspects of risk management Importance of setting your goals The task of determining your “risk attitude” Different types of risk Lesson 2: Sources of Risk: Defines risk

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Course Overview

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  1. Course Overview • Lesson 1: Introduction to Risk Management introduces you to: • The important aspects of risk management • Importance of setting your goals • The task of determining your “risk attitude” • Different types of risk • Lesson 2: Sources of Risk: • Defines risk • Investigates the five major sources of risk

  2. Course Overview • Lesson 3: Strategic Planning and Goal Setting covers the following: • Importance of Strategic Planning and Goal Setting • Factors that influence goal setting process • Strategic planning process • Integrated Management Planning • ‘SMART’ goals • Goal selection and tactical objectives

  3. Course Overview • Lesson 4: Risk Management Agency Insurance Products includes the following: • An overview of RMA insurance products • Types, terms, and tools • Insurable units • Actual production history (APH)

  4. Course Overview • Lesson 5: RMA Crop Production and Revenue Insurance Products will focus on: • Wyoming acres of annually-planted crops and acres insured • Multiple Peril Crop Insurance • Catastrophic Risk Protection (CAT) • Crop Revenue Insurance (CRC) • Group Risk Plan (GRP) • Forage Insurance (Seeding and Production)

  5. Course Overview • Lesson 6: Rangeland Insurance covers: • The counties covered by rangeland insurance • The rangeland insurance program • Interest calculation examples

  6. Course Overview • Lesson 7: Livestock Insurance Products covers: • Livestock Risk Protection • Livestock Risk Protection (LRP) for feeder cattle • Basics of LRP insurance • Indemnity calculations

  7. Course Overview Course Overview • Lesson 8: Production Risk Management (PRM) in the Absence of RMA Products focuses on: • Production Management Risk Options • Request for Actuarial Change Options • Non-insured Crop Disaster Assistance Program (NAP)

  8. Course Overview Course Overview • Lesson 9: Price Risks for Alternative Crops, Diversification and Risk focuses on: • Price Risk and Diversification • Price Correlation • Price Correlation-Reduction Methods

  9. Course Overview Course Overview • Lesson 10: Retained Ownership of Livestock and Risk focuses on: • The risks associated with retained ownership of livestock • Retained ownership risk management

  10. Course Overview Course Overview Course Overview • Lesson 11: Drought Mitigation covers: • The four government programs: • Emergency Loan Program • Emergency Conservation Program • Crop Disaster Program (ad hoc) • Livestock Assistance Program (ad hoc) • The tax implications for disbursement of breeding stock

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