WSU Cooperative Extension
210 W. Broadway
Ritzville, WA 99169

Phone: (509)659-3215
FAX: (509)659-3303

Questions about PNW Risk Management Project? Send us mail!
PNW Project Coordinator

 Public & Private Partnership Understanding Agriculture's Risk
Funded by: USDA Risk Management Education Initiative
Cooperative State Research Education and Extension Service
USDA Risk Management Agency
Commodity Futures Trading Commission
USDA Office of Outreach

Learning materials and decision tools for Agricultural Risk Management:
Managing Financial, Production, and Price Risk.

The Pacific Northwest Risk Management Education Project provide risk management education opportunity for cereal grain producers in the Pacific Northwest (PNW) region of Idaho, Oregon, and Washington.

Risk Management

Is defined as the interrelated areas of financial risk, market (price) risk, and production risk. The education effort will concentrate on understanding and integrating these three sources of risk into effective management decision-making. Cereal grain producers were selected for the initial effort for the following reasons:

Production of cereal grains are common in many areas of the PNW region.

Recent legislation (Fair Act, GATT, NAFTA) exposes grain producers to sources of risk not previously experienced.

Many of the new crop insurance products introduced in the PNW have a cereal grains orientation.

Project Funding

The Pacific Northwest Risk Management Education Project was funded by the USDA's Risk Management Education Initiative with the help of the Cooperative State Research Education and Extension Services (CSREES), Risk Management Agency (RMA), Commodity Futures Trading Commission (CFTC), and USDA Office of Outreach. Five million dollars was allocated in federal fiscal year 1998 for risk management education. Of that money 3 million dollars was allocated for national competitive grants. The Pacific Northwest Risk Management Education Project was one of 17 to receive funding.

Special Thanks

...to all the partners on the coordinating committee who made this project a success. The coordinating committee consisted of commodity brokers, farmers, insurance agents, lenders, grain growers associations, tribal organizations, the regional risk management agency, community college farm business management instructors, and extension educators. We appreciate the time and effort the committee members devoted to the project. Thank you.