The 17th Annual AGM and Conference for the Prairie Oat Growers was held December 4, 2014 in the scenic and beautiful Fairmont (Banff Springs) hotel in Banff, AB. With what could be considered one of the better turnouts of past conferences, the day was filled with informative speakers and engaging discussion.
To kick off the event, Dave Burdek, Assistant Deputy Minister to Agriculture provided greetings to the crowd on behalf of Alberta Agriculture and Rural Development.
The morning proved to be chalk full of information starting with Neil Blue, a market specialist with Alberta Agriculture and Rural Development speaking on oat marketing and “how to hedge the market using a variety of resources”. His presentation was informative and encompassed a great deal of marketing resources with take home points focused around the idea that price and basis remain the same, that there are ways to reduce risk using different levels of risk tolerance (i.e. diversification, flexibility, insurance, market alternatives), and that the starting point to manage risk is developing a marketing plan.