NDSU to provide ethanol risk management training
North Dakota State University is providing a three-day course on risk management to members of the corn ethanol industry June 16-18 in Fargo.
The training will take place in NDSU’s commodity trading room, which is in Barry Hall at 811 2nd Avenue N.
The training will cover a wide range of topics including financial risk, supply and offtake risk, logistics, futures, options and contracting. The program will combine lectures with hands-on learning in the form of exercises, case studies and trading simulations.
“Managing price volatility and physical materials is key to the stability of corn-ethanol refineries,” says David Ripplinger, NDSU Extension Service bioenergy economics specialist and assistant professor in the NDSU Department of Agribusiness and Applied Economics. “This program will help attendees better understand and manage the risk their business faces.”
The program targets new merchandisers, risk management officers, credit analysts and ethanol refinery managers.
The training will be delivered by William Wilson, distinguished university professor in the NDSU Department of Agribusiness and Applied Economics, and Ripplinger.
The free training is sponsored by North Dakota’s Renewable Energy Program, Cenex Harvest States, Archer Daniels Midland and NDSU.
To learn more about the program and register, go to http://www.ag.ndsu.edu/bioepic/2015-ethanol-risk-management-training.