APPLETON, WI--(Marketwire - Mar 21, 2013) - In the wake of the financial ramifications of the 2012 drought, effective price risk management for agriculture producers is more important than ever, says a white paper issued today by BMO Harris Bank's Sam Miller, who leads the bank's Agriculture lending practice.
"Many sectors of the agriculture industry experienced considerable financial hardship in 2012, and as a direct result of that experience, price volatility is a top priority for agriculture producers," said Miller. "Options, hedges, insurance and forward contracts -- these are all risk mitigation tools that need to be closely considered as producers look to minimize their exposure to price fluctuation."
The white paper outlines the key tenets of an effective risk mitigation plan, one that focuses on the implementation of all available tools, as well as education and advice from trusted third parties and advisors.
To access the white paper, simply go to BMO Harris Bank's Commercial Resource Center at https://resourcecenter.bmoharris.com/content/price-risk-management-strategies-and-tools-mitigate-volatility?free.
About BMO Harris Bank
BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. For more information about BMO Harris Bank, go to the company fact sheet. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank(SM) is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with approximately 1,600 branches, and approximately $525 billion in assets (as of Oct. 31, 2012).