Price-risk management and the terms that go along with it, such as hedging, futures and options, have become buzz words throughout most rural industries in recent times. But is it possible that many industry participants are becoming too caught up with how to play with the latest industry toy and are missing the big picture of how and why the toy was invented? I am a strong advocate for using price-risk management tools, but I like to refer to them as A-grade tools. Like most things in life, we haveto work our way through C grade and B grade to gain the knowledge, skills and experience to move into top grade.
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