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In the News - October 2009
Cooperative marketing and controlling production costs focus of upcoming workshop
RUSSELLVILLE, Ark. - Cooperative marketing groups can be beneficial to
producers, but members need to understand the benefits and limitations of
cooperatives before deciding if this is the best route for them. The University
of Arkansas Division of Agriculture, along with the Southern Region Risk
Management Education Center and CSREES, is presenting a seminar focused on
utilizing cooperative marketing groups as well as controlling costs. The seminar
is Wednesday, October 28, at the Farm Credit Services of Western Arkansas in
Russellville, Ark.
Dr. Les Anderson with the University of Kentucky will discuss the benefits of
cooperative marketing groups. Some of these benefits include obtaining economies
of scale, entering new markets, accessing professional services, maintaining
more of the retail dollar, increasing bargaining power and preserving existing
markets. These can all benefit an operation by increased profits and efficiency.
In addition to learning about the benefits of cooperative marketing groups,
controlling production costs will also be discussed. Beef cattle production
makes quite an impact in the state with approximately 30,000 farms producing
beef cattle, and a total economic impact of more than $1.4 billion. To help
producers control costs while still managing productive and efficient
operations, Dr. Damona Doye with Oklahoma State University will offer advice on
controlling production costs.
The program is free and open to the public, although preregistration is
required. For more information contact Dr. Brett Barham, assistant professor
with the division, at
bbarham@uaex.edu or 501-671-2171.
The Division of Agriculture offers its programs to all eligible persons
regardless of race, color, national origin, religion, gender, age, disability,
marital or veteran status, or any other legally protected status.
October 21, 2009
Media Contact: Elizabeth Fortune
Extension Communications Specialist
U of A Division of Agriculture
Cooperative Extension Service
(501) 671-2120
efortune@uaex.edu
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