Newspaper article The Journal (Newcastle, England)

Boost for Arable Price Risk Management Awareness Scheme

Newspaper article The Journal (Newcastle, England)

Boost for Arable Price Risk Management Awareness Scheme

Article excerpt

Hgca, through the Cereals Industry Forum, has been awarded a pounds 500,000 grant to improve price risk management within the arable industry.

The funding for the three-year project was agreed by Defra through the Agricultural Development Scheme (ADS).

"Promoting the benefits of price risk management is one of HGCA's priorities," said Julian Bell, HGCA senior economist.

"The award will enable us to expand our programme to increase the understanding of price risk management and reach a much larger audience."

The pounds 1.1m project will be used to help fund a number of new initiatives designed to bring about a greater understanding of business management techniques.

"A better understanding of price risk management can help remove the emotion from selling grain and allow more balanced decision making," said Mr Bell.

"It takes away some of the risk of price fluctuations."

More than 100 grower training events will take place over the next three years. …

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