MANHATTAN, KANSAS, U.S. — Managing risk is an integral part of running a successful and operational business. Understanding the principle of this is Kansas State University’s IGP Institute goal by hosting the first-ever IGP-KSU risk management for senior executives’ short course on Feb. 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 organizations might face in the future,” said Guy Allen, IGP senior economist and course manager.
Topics covered in the 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 include how to appropriately account for derivatives and futures positions on a “market-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’ organizations.
Allen said 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,” Allen said.
For more information or to register, click here.