Managing risk is a crucial part of running a successful and operational business. Understanding the principle of this, Kansas State University's IGP Institute will be hosting the first-ever IGP-KSU Risk Management for Senior Executives short course on February 3-6, 2020.
This course will help industry professionals gain a better understanding of the principles of commodity risk management related to the trading and merchandising of grains, oilseeds and other agricultural commodities.
'Participants will be better equipped to identify and manage risks that their businesses and organisations might face in the future,' says Guy Allen, IGP senior economist and course manager.
Topics covered in the brand-new course include presentations of identification of risks, appropriate measurement of risk types, and information on how to report and manage risks in a business. Further discussion will also include how to appropriately account for derivatives and futures positions on a 'mark-to-market' basis, the establishment of risk limits and appropriate business structures, and how to incorporate this information into a comprehensive risk management policy for participants' organisations.
According to Mr Allen, the course would be a great opportunity for anyone who handles risks over commodity trading, and he recommends participants have a basic understanding of derivatives and futures.
'This course would be very beneficial for any industry professionals who deal with commodity supply chain management and cost control for their respective companies,' Mr Allen says.
In addition to grain marketing and risk management courses, the IGP Institute offers training in the areas of grain procurement and purchasing, feed manufacturing and grain quality management, and flour milling and grain processing.
To learn more about IGP Institute trainings, visit the IGP Institute's website, HERE.
This course will help industry professionals gain a better understanding of the principles of commodity risk management related to the trading and merchandising of grains, oilseeds and other agricultural commodities.
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| Guy Allen teaches Mexican grain buyers about risk management, trading and hedging principles Image credit: IGP KSU |
Topics covered in the brand-new course include presentations of identification of risks, appropriate measurement of risk types, and information on how to report and manage risks in a business. Further discussion will also include how to appropriately account for derivatives and futures positions on a 'mark-to-market' basis, the establishment of risk limits and appropriate business structures, and how to incorporate this information into a comprehensive risk management policy for participants' organisations.
According to Mr Allen, the course would be a great opportunity for anyone who handles risks over commodity trading, and he recommends participants have a basic understanding of derivatives and futures.
'This course would be very beneficial for any industry professionals who deal with commodity supply chain management and cost control for their respective companies,' Mr Allen says.
In addition to grain marketing and risk management courses, the IGP Institute offers training in the areas of grain procurement and purchasing, feed manufacturing and grain quality management, and flour milling and grain processing.
To learn more about IGP Institute trainings, visit the IGP Institute's website, HERE.
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